Morning Audibles 10.7.10

Want a thread to start the day? I don't know why... There's nothing relevant to say... So I'm going to do what any other responsible blog author would do in a situation... (Note: I'm practicing to be a politician here)...


I'm going to PUNT...

Here's what ZH says...

Yen Now Back To Pre-Intervention Levels

http://www.zerohedge.com/article/yen-now-back-pre-intervention-levels

Whoop de damn do!

Excerpt (eh, forget it - the whole enchilada): "The BOJ has now learned the hard way that these days $20 billion doesn't buy you much: specifically - about 20 days, and a Geoffrey Batt painting of Ben Bernanke running naked behind the US dollar with a chainsaw and a homicidal grin. The USDJPY is now back to where it was when Shirakawa injected Y2.125 trillion, only to see the impact trickle down to nothing. Considering Monday's BOJ action did nothing to weaken the yen, it is almost certain Shirakawa will pull another $20 billion rabbit out of his hat: this time we expect the impact to last at most half as long as the last time..."


"As for what completely irrelevant and totally bubble stocks will do today, here is your answer:"

Well - It's OVER THERE anyway...

In other news... For futbol fanatics...

Liverpool Agrees on $476 Million Sale of Club to Red Sox Owner

http://www.bloomberg.com/news/2010-10-06/liverpool-football-club-gets-two-offers-as-split-divides-boardroom.html

Good thing in that is at least you don't have to change your socks... So you have THAT going for you... You're going to have to get used to the new high tech scoreboard though (cause that's how we roll)...

OK - I'm going to have to wrap this up now, because I have to go shopping for some bullshit stock to buy to save Obama's presidency...