[1]Sadly, the chart below says it all. It also means the summer of 2011 is now upon us.
[2]
In other news, our recreation of the BofA inhouse model says 110% of QE3 is now priced in.
Update: just freaking hilarious.
[3]
Now 100 pip plunge from the highs. Unprecedented.
[4]
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/07-2/EURUSD%207.27.jpg
[3] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/07-2/EURUSD%207.27%20update.jpg
[4] http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/07-2/EURUSD%207.27%20update_1.jpg