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A chart showing the relative performance of the SPY and the UUP (dollar ETF, shown inverted). The no volume equity market no longer cares about either correlation or causation.
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The chicken or the egg?
It's a bloody conspiracy to drive the price of gold down! Next stop $850. Those who own it, buy the dips on the way down that'll help slow it's decline so you and your goldbug friends won't lose too much.
What are you doing here Larry "the turd" Summers?
My dads uncles mother use to tell me "Trees don't grow to the sky junior. Trees just don't grow to the sky".
and some say cucumbers taste better pickled.
low volume window dressing for quarter end....smells like it maybe time to go short again in the next few days.
Exactly. Great 3 day sell off after hitting new highs now holiday/qtr end run up to a higher high. Dow 10,000 and S&P 1100 right before all the "great" earnings announcements.
Exactly. Great 3 day sell off after hitting new highs now holiday/qtr end run up to a higher high. Dow 10,000 and S&P 1100 right before all the "great" earnings announcements.
Tyler, Tyler, your sanity and sober analytical skills will be your undoing. The markets are quite obviously celebrating the resounding defeat of Eurasia!
yes, when the only thing that matters reverses course, that no longer matters anymore.
these markets are pure manipulation. pure farce. proof of criminality at the top.
If you look at the SPY MACD since the Fed launched its QE campaign, it's ridiculously, almost ruler flat. Spy just dipped under signal the last few days, and you've got to wonder what kind of adjustment is in store once QE is done.
They toss the football back and forth to each other and the media pretends it's the Superbowl
Well put.
gg..look at huff po main headline now..."going for the gold". might be a good screenshot for you to save.
LOL! thx...I did.
might as well throw up the 10y....looks like we got a yld of 3.30
edit..getting better. 10y at 3.29, bucky the greenback crosses 77.
equity markets on fire.
Slightly off topic, anybody know how to get that inverted graph on the Bloomberg? Doesnt seem to work when I put in .UUPINV like it shows in this graph.
Thanks
use MGIP for the intrday comp charts. use CIX to create a custom index of an inverse UUP (i.e. - UUP Equity - named UUPINV). the Intraday G charts in BBG will allow you to invert axes but MGIP will not - hence creating the UUPINV.
Great thanks
Just use UDN its the actual Dollar bearish ETF anyways.
Don't forget long term US Treasuries. Evidently they did not get the memo today either.
http://merrillovermatter.blogspot.com/2009/09/long-term-interest-rates-at-juncture.html