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The Dollar Volatility ETF
...Alas does not exist. Which begs the question how have iShares and Direxion not made a quintuple levered, dollar vol tracking index yet? Aside from another class action lawsuit in the making, it would provide the heatmappers with a whole new level of adrenaline now that habituation levels have set in with FAZ and BGZ.
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Thank you, TD. I just saw this before coming to ZH.
I see it as an attempt to slyly strengthen the dollar substantially as the market opens so DXY can be driven down during the day to sustain the market.
Yeah, I watched the Euro take a half-cent straight-down dump on no news, with an immediate hit to gold/silver.
I am still hoping for $5 FAZ sometime in the near future. All the money that has gone into the banks has been used to give out bonuses, shore up commercial real estate, buy bank shares, and sell sell sell FAZ. The only people the bailout helped were the banksters with the Porsches and their political cronies.
FAZ has already hit $5, upon which there was a reverse split, so GS et al can short it more.......I don't expect a change this time...
I think it is time to get long the USD. Just my humble opinion.
Well, you will have no trouble finding some as there are trillions and trillions available; with trillions more to come.
OK...so put me on record. The dollar is a buy.
I agree. The sell the dollar trade is very crowded. I think long term the dollar is dead but within 2% of this point I think we will see a 15-20% dollar rally and a stock market drop.
blackswan said there was record volume recently on DXY. look at it, in the past it preceded important turn points.
How many would you like to order? Hundreds, thousands, millions, billions are now Chump Change. May we put you down for at least one trillion?
Agreed...if nothing else, at least for a temporary bounce.
Still inclined to be with you on that too. China gives me a few doubts though.
TD....i'm curious as to what you mean by this: ".....now that habituation levels have set in with FAZ and BGZ."
Thank you.
Thanks Andy...I appreciate it!
and in more news of what just may be good for the dollar
http://www.reuters.com/article/wtUSInvestingNews/idUSN0935978920090909
OT: Some employment numbers you won't hear from the MSM
16 years or older not in labor force
Aug 1999 67.984 million
Aug 2009 81.509 million
An increase of 13.5 million
Full time employees
August 2008 121.556 million
August 2009 112.262 million
That's a decrease in full time jobs of 9.294 million in 12 months
You have a source for that data?
Sorry, data.bls.gov
There are fewer full time jobs now than in January 2000 - amazing
No worries here... we'll just have to crack the whip harder to wring even more out of the sheeples pockets to help out our bankster friends... it's the patriotic thing to do.
Just another day...
For US markets:
Jobless Claims - only 550,000…!!! buybuybuy
Stocks - flat
VIX - volatile
Bonds - en fuego ripfestivus
OIL - higher
GOLD - higher
Buy everything or die…
Thanks,
Captain Tarpy
Forex going crazy today, rumors flying right and left. Whole planet supposedly fighting Ben and his magical printing press.
I don't think there was any question SNB was in the market selling CHF again (early this morning and again later). At least they will verify it, unlike this country's banksters.
An Open Letter To The Messiah!
Dear Messiah,
Please note that the OTHER Messiah drove out the corrupt moneychangers and preached against them.
When will you get out of bed with the corrupt moneychangers and eradicate them from our society?
Thank you for your prompt attention in this matter, Oh Great Messiah!
Sincerely,
Hog
LOL! The moneychangers INSTALLED this Messiah 2.0.
absolutely on target GG!
Yup! And this Messiah 2.0 is nothing more than a Beta Version 2.0 of a bankster created Trojan Horse into the People's House.
All Hail The Great Messiah!
From: MessiahMail
LOLZ. Sorry that was just a joke. LOLZ. All we did was give up 1 bank for 2000 years of the same old crap. It was a good deal. hahaz. We are never going to give up this scam cause it's too easy to trix and extend it. We is too clevaz for youz guys. We only lets you win when you get too discouraged. Patience is a virtue.
Long live the $
Dollar just got jacked again. Equities should breach new highs.
hey go easy on iShares... they have not only avoided the levered and inverse ETF market, but have publicly criticized them with (admittedly self-interested) research. it's Direxion and ProShares that should be building up their class-action reserves
Plus oil inventories were held down again to pump the energy stocks. I wonder if Goldman and JPM's tankers have been counted? Doubt it.
You are right that the issuers of these ETFs should be sued left right and center. In aggregate they have likely vanished with over a trillion dollars.
BTW, live FAS-FAZ Loss-o-meter: http://nexalogic.com/fasfazloss-o-meter.html
Interesting how our trade defecit widened by 4.7 trillion with a weak dollar.. I guess our goods are just flying out the door!!??
There already is a 5X US dollar bear ETF - check it out, its ticker is SPY.