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Risk-ES Spread Closes

Tyler Durden's picture


Now you have it, now you don't. The gift that keeps on giving, courtesy of momo monkeys, just put a smile on the faces of all those who put the compression trade on last night.

Last night:



h/t Capital Context


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Fri, 07/08/2011 - 09:21 | 1435966 trav7777
trav7777's picture

Closed, bitchez

Fri, 07/08/2011 - 09:30 | 1436045 idea_hamster
idea_hamster's picture

I guess, just like the Denarius/gold spread closed after the fall of Rome, we'll see the USD/Post-it spread close as well.  (Granted, post-its are blank, so probably worth a bit more....)

Fri, 07/08/2011 - 09:21 | 1435969 flyr1710
flyr1710's picture

within 48 hours - on cue

Fri, 07/08/2011 - 09:23 | 1435980 HelluvaEngineer
HelluvaEngineer's picture

Head N Shoulders, Bitchez

Fri, 07/08/2011 - 09:24 | 1435987 Hedge Jobs
Hedge Jobs's picture

is this what they call "risk off"?

Fri, 07/08/2011 - 09:24 | 1435988 chump666
chump666's picture

hell we watch Europe that has lost the plot, FX and yield trades start to react to the crap NFP number. 200 neg on the dow should knock the EUR down etc etc

Fri, 07/08/2011 - 09:24 | 1435989 firstdivision
firstdivision's picture

It closed with the risk basket flying up to meet just seconds before the BLS release, then both promply fell.

Fri, 07/08/2011 - 09:25 | 1435998 Metropolis_Minx
Metropolis_Minx's picture

Man...things are snappin' this a.m.

Fri, 07/08/2011 - 09:26 | 1436002 Cognitive Dissonance
Cognitive Dissonance's picture

The gift that keeps on giving, courtesy of momo monkeys.......

Momo Monkey - Old School Divison

Fri, 07/08/2011 - 09:27 | 1436019 chump666
chump666's picture

the ftse...hilarious, some idoit/s buying into that

Fri, 07/08/2011 - 09:31 | 1436047 Franken_Stein
Franken_Stein's picture


CO2 pollution certificates dropping by 7.14 % !


Fri, 07/08/2011 - 09:33 | 1436050 Fazzie
Fazzie's picture

 I miss robot traders herd of wildebeasts reversing direction as "risk off" is sounded! Also can someone please post the deer in the headlights photo again? I always get a kick out of it.

 I quit paying cable bills 2 years ago due to TV programming being utter crap, but I would almost pay to watch CNBC this morning as they squirm and desperately try to get the lipstick on this greased pig.

Fri, 07/08/2011 - 09:32 | 1436052 hugovanderbubble
hugovanderbubble's picture

Someday...the spread will be negative which will mean...Take the money and run

Fri, 07/08/2011 - 09:37 | 1436081 MiningJunkie
MiningJunkie's picture

Watch the FRN-denominated E/S go green by 2:00 p.m.! The CNBS bobbleheads are all babbling incoherently EXCEPT The Great Santelli! Hyperinflation = higher stock prices and has dick to do with the economy.

Fri, 07/08/2011 - 09:38 | 1436083 disabledvet
disabledvet's picture


Fri, 07/08/2011 - 09:39 | 1436089 nobusiness
nobusiness's picture

ES Futures were down 17 to 20 points after the NFP number and now S&P is only down 13?  Where do all these buyers come from? 

Fri, 07/08/2011 - 09:42 | 1436107 snowball777
snowball777's picture


Fri, 07/08/2011 - 09:46 | 1436128 Cognitive Dissonance
Cognitive Dissonance's picture

You tax debt dollars at work.

Fri, 07/08/2011 - 09:42 | 1436109 HelluvaEngineer
HelluvaEngineer's picture

..and now we slowly close the gap.  I think I'm gonna puke.

Fri, 07/08/2011 - 09:44 | 1436123 qussl3
qussl3's picture

Moral hazard market.

When gold spiked it just didnt smell right.

Fri, 07/08/2011 - 09:43 | 1436116 youALREADYknow
youALREADYknow's picture

So how long until leaks come out explaining what has replaced POMO in the past two weeks?

Fri, 07/08/2011 - 09:54 | 1436173 TexDenim
TexDenim's picture

Exactly!! Goldman Satan is the new Federal Reserve.

Fri, 07/08/2011 - 09:45 | 1436126 alien-IQ
alien-IQ's picture

and the slow creep back up begins. already up nearly 7 points from the lows. Would they dare close today green or near even?...Judging by the shanking the USD has taken today...I'd dare say...maybe.

Fri, 07/08/2011 - 09:53 | 1436168 HelluvaEngineer
HelluvaEngineer's picture

Sure.  All that matters is the DOW quote on the nightly news for our country full of baby boomer shitheads. 

Fri, 07/08/2011 - 09:53 | 1436167 beechmtnski
beechmtnski's picture

guys, what instrument are you using to trade the risk basket against the ES?

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