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Intraday Market Update: Dollar Back To Strength, Nobody Cares About Stocks (And Vice Versa)
Get your damn dollar destroying house in order Ben (at least you got that invisible bid on the worst employment day in recent, and not so recent history, down pat). At least for now stocks are acting as if they haven't realized DXY is almost flat, and the JPY-EUR trade is diverging aggressively from whatever passes for a stock market these days.
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Oddly crude appears to be gunning for a breakdown below $76.50.
Oil down 3.1 % and XOI down 0.8 %. Also very odd
Odd is the new norm.
Bad is the new good.
rally is the new.....well that is always the goal.
Fuck the numbers....just buy it damn you!
Friday decoupling leads to a serious case of the Mondays me thinks? These rumors that BAC won't make it through the weekend are quite interesting.
Please include link.
So where did you hear the BAC "rumors". At the water cooler in your office? Do tell......
"these rumors"
Not seeing any myself???
"These rumors that BAC won't make it through the weekend are quite interesting"
You're funny.
There is no unusual movement in BAC stock or put options. Given the amount of insider trading as of late, I highly doubt a BAC rumour of this sort would be true.
Disclosure: yes, I am in the camp that believes the entire US financial system is insolvent, but the Fed is just too good at distorting reality at the present moment in time
its not BAC
i was told look for unusual put action on a financial
i searched and i think i found it!
look at the action on GE Nov 15 puts today!
BAC is 2010 toilet talk
now...?
From your lips to GS's ears. So as long as it happens really early in the year I might be comfortable with my Jan puts on BAC.
"whatever passes for a stock market these days"
I think this whole crap will turn the investor back 200+ years, before the stock market was created. Private funds investing in private companies will come back strong.
More like a con market where thinly silver plated tin is passed off and priced as solid gold
probably a smaller market than FRN counterfeiting is now.
Here it comes, but as Logan says:
"Don't go chasing waterfalls"
http://www.youtube.com/watch?v=FIKZAoeMGag
Even thought you may be suitably inspired, stay on message Team!
Why does not the market crash after this data? I can't comprehend!!!!!!!!!!
One of the pundits on the NYSE floor today, on Bloomberg TV, said that today's stock market moves were on the back of very light volume and no retail investor participation. Is it any wonder the retail investors don't want to participate in a market like this?
I wonder, will Goldman Sachs kill off the goose laying the golden egg because no other than them will want to participate in the market?
DavidC
There's a way to uncover GS or any other manipulator on the low volume days.
I'd like a regulation forcing disclosure of above x% (low single digit) HFT volume per day in a single stock/etf/whatever by each single entity (under the same umbrella including on-behalf).
“If Bank of America were to provide at the same rate its quarterly losses would be 50-80 billion and it would be completely bereft of capital – it would be totally cactus. It would be – like Fannie Mae – a zombie government property.” [emphasis in original]http://seekingalpha.com/article/171869-accounting-for-losses-at-bofa-and...
If any of you have a favorite stock that you want the price to fall an additional 3% so you can buy it, give me a call. I will buy a few shares and I will guarantee you it will fall that much in 4 minutes.
I could offer that service as well but both ways :)
Perhaps you could buy GS as a public service to all of us.
buy a few shares every few minutes. All the way down.
+100 LOL!
Is there a reason you use the inverse of the VIX and the DXY? Is it just for illustrative purposes?