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US Equity Futures Give Up Early Gains, Nasdaq Biggest Loser
On what is obviously a quiet day, with US cash markets closed, US equity futures drifted quite notably weaker from overnight highs. Aside from total chaos in the last second of trading today, Nasdaq futures were down 0.3% (having been up over 0.2% at Europe opened) and The Dow dropped 80 from the highs. It appears the machines forgot it was a holiday as the standard US open to EU close trend reversal occuurred before dropping after Europe closed.
Notice the chaotic meltup into the close...
It all went a bit "Simple Jack" in the last few seconds...
Charts: Bloomberg
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The Yetti outsmarted the Caveman?
The bankers are such greedy bastards. The pump to all time highs is likely to be met with a dump to all time lows.
Bankers ruined the world.
"People wanna live like this in their cars and big fuckin' houses they can't even pay for, then you're necessary. The only reason that they all get to continue living like kings is cause we got our fingers on the scales in their favor. I take my hand off and then the whole world gets really fuckin' fair really fuckin' quickly and nobody actually wants that. They say they do but they don't. They want what we have to give them but they also wanna, you know, play innocent and pretend they have no idea where it came from. Well, thats more hypocrisy than I'm willing to swallow, so fuck em."
Margin Call, classic Paul Bettany.
We ultimately get a corresponding gap on the /ES Sunday night like the one a week ago, but in the opposite direction.
+40 /ES anyone?