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USDCHF Plunges To Record Low Following Generali CEO Comments Eurozone Faces Risk Of Breakup, Flight To Safety Resumes
Yep. Europe again. Following comments from Generali's CEO Giovanni Perissinotto based on a transcript from a conference call earlier that the Eurozone is at risk of breakup (something which everyone knows, but nobody dares to say, especially not anyone whose CDS is trading in lockstep with those of Italy), the USDCHF just plunged to fresh all time lows. And so all the goodwill created by the robotic buying on the NFP headlines is gone.
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Common Sense Bitchez
"xxxx just plunged to fresh all time lows"...
I think we will hear this quite often the next days and weeks and months
GARTMANS Still Yapping About Selling His GOLD ...
STFU
Uh oh, stick this one into the HFTs:
08-05 10:17: Market talk that S&P may downgrade US after market close todayThey hate us for our printing press.
Economic imperialism implemented through millitary intervention, Yeah I think i'd hate us too...
Are you suggesting a tactical strike on the ratings agencies?
You say the word, I am there.
You forget propaganda that says 24/7 and 365 days a year how great and powerful the "Super Power" is.
Now the "Super Power" will get the "Super Congress"
Too bad all the "Super People" in the "Super Power" are "Super Broke".
USA! USA! Of course we're still "Super". We have the Super Bowl. /sarc
and keyboard.
$1,000,000,000,000 = 00110001 00110000 00110000 00110000 00110000 00110000 00110000 00110000 00110000 00110000 00110000 00110000 00110000
Our freedoms are under attack!
"All your printing press are belong to us!"
getting hit by this rumor from diff ppl for the past hour.
Europe is coming apart at the seams and the Euro is still over 140. WTF
Just wait until Germany announces it is leaving the Euro "temporarily".
At that point the Euro becomes a "PIIGS pen", with a value of 0.75 USD.
Europeans and their emotions are killing this sweet little bounce. God damn reality!
European break-up killing us
Debt ceiling deal killing us
Margin calls and gonzo post-Lehman risk management killing us.
Fulfilled H&S cross still killing us.
Revised GDP/and ISM still killing us.
S&P rumor of downgrading US killing us.
Roubini/Faber/Rosenberg killing us.
So why are we down only .4% and not 4%?
it s killing us but we are still alive and kicking..... Anyway, long term, we are all dead.
I'm glad my FXF is backed by Nestle's Gold Chocolate bars.
The Breakup, bitchez.
Need to move my $50mm cash from BNY in a hurry!
Zim Trillionaire,
IF you have 50mm in fiat, you deserve to lose it,no matter where it is.
I am assuming your are FOS.
Maybe that's ZWD$.
At last Mr. Market is getting ahead of the Banksters. This is VERY GOOD for the long term.
Trouble is gonna come when the market finally realises that.
Jim Cramer was on the Today show again this morning saying everything is ok, so I'm not concerned.
Now we know we're doomed.
Adorable little ponce, isn't he? So reassuring.
I'm thinking lil keebler, Charlie Brown or Elmer Fudd.
When he becomes Chicken Little it's time to buy with both hands.
Yeah, just like yesterday when he said that he liked Coca ,ehrmm, Coca Cola. What a surprise.
Cramer said 'Everything is OK'...so in other words he got news his phony-baloney job as a stock pumping dickhead is still secure.
Cramer to Matt Lauer, "You know I'm no pollyanna ..."
hilarity ensued
Cramer has been dead for years!
HOLLAR-grams bitches.
That 1190 area on the SPX will be keenly defended ( 50% of QEII rally) the "compound in" long only funds will be in a real mess if that goes.
The SNB is already intervening, but they don´t have a chance to contain this.
How about printing a shitload of colored paper. C'mon even the Swiss can do that. Besides, it boosts the national production figures. It's all good.
Just a few days until this will be done. We´ll set up a sovereign wealth fund and tie the chf to the eur...
Just some more political pressure needed.
excuse me for sayin this, but the eurpoeans are effin' idiots. merk onvacation mountain climbing, treeshay thinks feathers bllom out his ass. pffft.
Luckily, we have Bernanke. Whenever he opens his mouth, gold goes up. Just a matter of days and gold is at 1776 $.
And don't be so harsh on Angela (Angel: Angelus) - imagine Hitler would comment this market ("wawuff! WUFF! WUFF! maRRRRket! STEINERRRR! woff! Zerrrstörrren! woff!" ).
S&P Downgrade a rumour to explain market decline..
..though, falling knives, Economic Depression in the US - new start, how many people would love the opportunity to be Free of all that government crap. Cheap land and marshall plan, easy to do, CAD should be the next CHF??
This is corporatese for.
"If I'm going down, I'm taking all of you bastards with me.."
And...................its gone!
And they try to spin that all these new jobs will make the planet better. Amazing.
As much as I like to rag on the america haters and eurosnobs I hope europe pulls through this one. We need a strong healthy europe right about...oh....now would be nice.
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There are problems in Europe? I thought they fixed this in last week's episode.
Its the New Neo Keynesian model to replace the New Keynesians, emergency EU Summits every week, to prop up the markets and to create jobs by having these meetings all the time creating a multiplier effect.
Makes sense I suppose...
I see...sort of the broken window fallacy applied to coffee and bagels.
.
Another bad day for the NWO.
A break up of the EU means world government is a bust before they get off the table. They'll still say they have the flaw figured out. It will merely require an large unaccountable "supranational banking union" in addition to a large unaccountable supranational political union.
Please, make them go away.
Indeed, a bad day for commie Barroso and his comrade Van Rompuy. But they won't give up so easily on making the EU the biggest transfer union ever seen in the history of the world.
Still wondering though what the endgame will look like here in Europe. Putting the printing presses in 8th gear ? N-Euro and S-Euro ? Each region/country of Europe back to its own currency in the end ?
1 hour of eurphoria is all you get peasants! Now get back on those oars and ROW!!
Bitchez...
You would think these guys dont remember they fought two World Wars and this experiment is going to serve as quite the catalyst.
SAD...indian markets remain closed when the most interesting things happen in world markets .....No problem ...we will be plunging Monday again....next stop nifty 5000
Switzerland just needs to open branches of NY Mellon throughout the countryside and start charging interest on deposits. Problem solved.
Most Swiss banks charge a minimum 40 Francs per month as account fees for non residents. So, most accounts have in effect negative interest.
Jesus, they charge 750 bucks a year to hold your money? I guess I'll stick with gold.
Is this bullish for BAC?
So risk of Eurozone breakup sends USD/CHF down, but EUR/USD has no issues?
Riiight.
Not yet ... Breaking up like irl is quite expensive, about 10x to 20x expensive then pretending you have a happy EFSF marriage ^^
Get Real Bitchez !
Not to worry!
The EU's Gauleiter for Greece, Olli Rehn, was just on TV offering visionary leadership and advice during this euro crisis.
He said: "keep calm".
I bow to the infinite wisdom of prophet Rehn...
:o)
Well, at least he didn't say "well capitalized", so there is still hope.
the bernank will buy euro-bonds and cds as required to ensure bank bonuses.
OK, so you have nearly 5 stocks down for every two that are up, new lows are 50:1 over new highs, of the stocks trading outside the SMA, 3 are down for ever 1 that's up... and yet the DOW, S&P and NAS are essentially flat.
Yeah, I'm sure that's a sign of a perfectly normal, not-at-all-manipulated market. AKA, Fraud Street.
The EU breakup is transitory.
Cue Germany to unite them in fire and blood.
Le problème italien ? Silvio Berlusconi
http://www.entendance.com/forums/viewtopic.php?f=6&t=784&p=18578#p18578
Turkey cut its key interest rate by 50bp. Competitive devaluation.
http://www.bloomberg.com/news/2011-08-04/lira-tumbles-as-market-baffled-by-turkey-s-shock-rate-cut-stocks-slide.html
I hope they do break up. Nothing more than the elite trying to group shit together in the big quest. I can't imagine how the little people in Germany feel about having their livelhoods destroyed by having to bailout all the rest--------oh wait I live in the US. So yes I do know how it feels and it's not good!! You can't blow trillions on wars and blame all the problems on grandma.
Hopefully the breakup of the Euro will be the end to any nonsense of joining canada/us/mexico crap that i keep hearing. But you know how stubborn and greedy they are. They seem to press forward regardless of the outcome. Kinda reminds me of trying to squirt something out of tube that has holes in the sides of it. You get some out of the end but shit is being squirted out everywhere else and you end up with a huge mess.
"Phone call for you Mr. Perissinotto"
"Who is it?"
"It's Mr Berlusconi and he sounds angry."
The S&P risking suicide by downgrading US debt scapegoat is emerging. They need someone to pin this on. It's the new Weddle & Reed.
A breakup seems inevitable. German taxpayers didn't like bailing out tiny Greece. They really don't have the stomach for Spain, Portugal, Italy et. al.
No other way to slice it. We are going short the Euro.
"Thus did Zarathustra hear a prophet speak: and his prophecy went to Zathustra's heart and transformed him. He went about sad and weary: and he became like those of whom the prophet had spoken.
'Truly', he said to his disciples, "this long twilight is very nearly upon us. Alas, how shall i preserve my light through it? May it not be smothered in this sadness! It is meant to be a light to more distant worlds and to the most distant nights!" (Nietzsche "Thus Spoke Zarathustra" A book for Everyone And No One).
Just curious. What happens to the derivative mountain in the range of a quadrillion dollar nominal value? Is there anything that can destabilize that mountain or is it as solid as granite?
What happens if we break the SPY open of December 1 and get into that big gap up that Dudley created overnight on November 30?
Gold price spike puts London women in danger of crime
Women are being put at extra risk of falling victim to crime because the price of gold is so high, warn police....As a result, the Metropolitan Police and Cash Convertors have struck an agreement to share information about suspicious transactions.
http://www.london24.com/news/crime/gold_price_spike_puts_london_women_in...
Aug 4th - talk about tipping a nod & a wink there. Gold bugs, start sweating. (Although, being honest - if you use 'Cash Convertors' or other such businesses, you're probably watching Glen Beck's show as gospel truth, and are beyond redemption)
Coverage of the day goes to the Sunday Morning Herald (not owned by Murdoch) for their choice of picture summing up the market, under the tag line "This time it's serious": ASS.
http://www.smh.com.au/business/this-time-its-serious-20110805-1ie4t.html
Yep, red herring again.
ROFLMAO
How many times do you guys need to be told, IT'S THE U.S. THAT'S LEADING THIS DECLINE! http://www.zerohedge.com/news/sp-goes-red-year-its-about-time#comment-1518350
And IT'S FAT FINGER-SAN who causes the important flash crashes. http://www.zerohedge.com/news/goldman-dax-flash-crash#comment-1513682
GET WITH IT PEOPLE, or you're going to get mauled by a Mac truck and lose everything you've earned . . . just like the Math Man.
(I know your forensic prowess is better than this.)
Pop Quiz
Who are the writers for the bulk of Greece's outstanding CDS?
ROFLMAO
Yes, I agree, because we all know..........
http://www.youtube.com/watch?v=1aFymSogiUY
If the Euro goes down -gold will collapse at least in the long run.
The world will be flooded with even more $sssssss
The dollar bitches win.
What's POG in Zim$?
Can Zerohedge pls find out why goldminers are (flash)crashing - irrational. Bloomberg alsio reporting money is flowing into Goldmining Funds. But where are those inflows in the markerts.
"Ooh Manny! Look at the CHF fly! Go CHF!"
Spot Gold in SwissFranc vs US Dollars per oz
http://www.kitco.com/gold_currency/charts.htm?CHF
and click 30 days......grrrrrrrrrrrrr
What the fuck USD/CHF has to do with euro?
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