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It's 3 O'Clock, Do You Know Where Your Daily Decoupling Is?
Right on schedule, the EURJPY and the ES diverge, providing a favorable entry point for arbitrageurs. With no volume, decreased liquidity, no human traders, and now, the added confusion from China's FX move, this was certainly to be expected. However, while previously at most the relative betas of the two datasets would diverge, today the entire sign seems off. The convergence trade has yet to fail, although after today, this one may be best suited for just those trading (a lot of) other people's money.
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Same fascist time, same fascist channel. Tune in tomorrow to find out if your FIAT ponzi scheme makes it out from the clutches of the Fed and other fascist organizations!
At least the criminal fuck traders of JPM and GS can't multi-task. While they were busy selling/capping gold, they let the S&P completely roll over.
"Oops. Uhh sorry Mr Dimon. Duh, we plum forgot about equites. Duhhh, doncha like what we did to gold, though? Duhhhhh.."
It's funny how gold and PMs tank right before Op Ex every month. Creates a good entry pont on or after Op Ex day. This month it is on June 28th. Expect downward and sideways action until then...
Equities will be sacrificed this week for 120bil of 2-5-7yr coupons
AAPL setting up for a revesal day on close below 271.42.
thought it was the eur/yen?
JPN = YEN...unless they have another currency that I do not know about.
They have many things we know little about...
Crazy Japanese Toilet:http://www.youtube.com/watch?v=KU_vNb_XkTM
how do you find this stuff, you wacko?
Shhhh TD, the GS, JPM, and MS traders just got back to the desks from their afternoon circle jerk.
NOTHING HAPPENING HERE, MOVE ON, MOVE ON
Will be interesting if /ES closes below 200 dma. Only a couple points away.
Harry....watch sister Platinum to know which way this is headed.
You're right, Harry. (Oh fuck. Did I actually just type that?)
It sure would be fun to see em put the gas to it after 3:30 and close it down at 1105-1100.
why is this taged "Fail"?!
arbitrage = epic win
short qqqq bitchez!
Almost has a "panic" feel about it right now. /ES battling 200 dma.
Not to be petty but this was one of my favorites from Saturday.
by Cyan Lite
on Sat, 06/19/2010 - 16:01
#422870
+50 handles on the S&P tomorrow. We go back to 1220!
Looks like we are trying to test those circut breakers today.
Don't worry, they'll jump on the kick start again tomorrow morning. Count on a futures hi-jacking of 100+ again. You know, try, try, try, try, & try again. One of these days Granny is going to take the bait.
What the manipulators gave to the market last week, they will likely take back this week. Down we go...