• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

Market Snapshot: Open Modestly Positive (For Now)

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Sun, 10/09/2011 - 18:22 | 1755713 RobotTrader
RobotTrader's picture

For all the knashing of teeth the last few days, looks like Dexia is a non-event.

Hey, at least gold is up, so most of the ZH bloggers should be high-fiving the ES futures ramp.

Sun, 10/09/2011 - 18:24 | 1755716 mynhair
mynhair's picture

Robo got a first, bitchez!

Sun, 10/09/2011 - 18:28 | 1755723 SheepDog-One
SheepDog-One's picture

Robo still never been laid though.

Sun, 10/09/2011 - 18:55 | 1755775 Esso
Esso's picture

Most likely RoboTarder has never made a trade either.

Sun, 10/09/2011 - 19:13 | 1755804 SilverIsKing
SilverIsKing's picture

Speaking of Dexia, on July 7 & 8 this year, S&P and Moody's gave Dexia A1 and P1 ratings, respectively.

See page 11:
http://www.dexia.com/EN/journalist/press_releases/Documents/20110408_CP_...

While not the top ratings available, just three months later...and they're gone!

http://www.henkel.com/com/content_data/Ratings_overview_english.pdf

Not that we didnt already know but these ratings agencies really do not know what they're doing...or do they???

Sun, 10/09/2011 - 19:30 | 1755828 knukles
knukles's picture

 

 

 

                 (maniacial laughter)

Sun, 10/09/2011 - 19:50 | 1755868 topcallingtroll
topcallingtroll's picture

Play nice.

Sun, 10/09/2011 - 21:32 | 1756043 Randall Cabot
Randall Cabot's picture

He hasn't figured out how to get a chick into his mom's basement yet.

Sun, 10/09/2011 - 21:48 | 1756090 RoRoTrader
RoRoTrader's picture

The banks are going to print, print and print.......Mervyn King summed it up, "What a mess we have created - sacrifice the pensioners and savers. Print."

This 2010 r squared.

Sun, 10/09/2011 - 18:30 | 1755727 wombats
wombats's picture

Who cares about ES futures.

Tell me about Pitchfork futures and Torch futures.

Sun, 10/09/2011 - 18:34 | 1755738 Id fight Gandhi
Id fight Gandhi's picture

You can always set your watch to the typical low vol, Sunday night futures melt up. Fraud and manipulation at it's finest.

Sun, 10/09/2011 - 19:18 | 1755813 westboundnup
westboundnup's picture

Keep f'ing that chicken.

Sun, 10/09/2011 - 19:19 | 1755816 Market Efficien...
Market Efficiency Romantic's picture

treauries closed, EU repos not reacting before 7 hours from now, why should there be a gap down in Asia? Dexia is not Lehman re direct effects. The problem has not occured during the weekend but last Tue, decisive EU policy action has lost its credibility before the announcements of crucial meetings this weekend and the structural consequences of Dexia such as credit rating impacts yet unassessable, you will have to wait at least until some time during the day tomorrow for things to unravel.

Sun, 10/09/2011 - 18:23 | 1755715 mynhair
mynhair's picture

Nobody cares anymore about Europe.

Sun, 10/09/2011 - 18:27 | 1755720 SheepDog-One
SheepDog-One's picture

I never did care about Europe. I cant think of a single thing I NEED from Europe at all.

Sun, 10/09/2011 - 18:34 | 1755736 Alvaro de Esteban
Alvaro de Esteban's picture

Errr, if you drive ANY car, travel by train, or even sail a boat, maybe you need something from Robert Bosch, 

Sun, 10/09/2011 - 19:33 | 1755832 knukles
knukles's picture

Yeah, well England has Lucas. (cancel each other out)

Sun, 10/09/2011 - 20:44 | 1755936 SheepDog-One
SheepDog-One's picture

Who gives a shit?

Like no one else can possibly make it as well?

Sun, 10/09/2011 - 20:47 | 1755973 knukles
knukles's picture

Betcha Chineee good makie.

Sun, 10/09/2011 - 20:53 | 1755987 SheepDog-One
SheepDog-One's picture

China can copy anything, theyve got Blackberries and IPhones knocked of cheep cheep....they sure as hell can make a spark plug or a motorized hand tool.....fuckin shame is WE no longer can!

Sun, 10/09/2011 - 18:54 | 1755747 CrashisOptimistic
CrashisOptimistic's picture

Brent comes from Europe.  It fed you today.

And to see how the game is being played, scope this list of the world's oil prices:

Tapis  $116.63 http://www.bloomberg.com/apps/quote?ticker=APCRTAPI:IND

Brent $106.15 http://www.bloomberg.com/apps/quote?ticker=EUCRBRN1:IND

Alaska $107.63 http://www.bloomberg.com/apps/quote?ticker=USCRANSW:IND

Louisiana Sweet $109.48 http://www.bloomberg.com/apps/quote?ticker=USCRLLSS:IND

WTI $82.98 http://www.bloomberg.com/apps/quote?ticker=USCRWTIC:IND

African Bonny $108.29 http://www.bloomberg.com/apps/quote?ticker=AFCRBONL:IND

Euro Forties $106.53 http://www.bloomberg.com/apps/quote?ticker=EUCRFORT:IND

Asian MINAS $115.46 http://www.bloomberg.com/apps/quote?ticker=APCRMINA:IND

Arabian Gulf $100.98 http://www.bloomberg.com/apps/quote?ticker=PGCROMAN:IND

Urals $104.49 http://www.bloomberg.com/apps/quote?ticker=EUCRURNW:IND

 

Anyone want to find the bullshit generated outlier?  This is why you're paying 30+% more for gasoline than last year.  

 

Sun, 10/09/2011 - 20:46 | 1755972 SheepDog-One
SheepDog-One's picture

Fuck Brent. I went fishing today and ate those.

Sun, 10/09/2011 - 20:48 | 1755979 Zeilschip
Zeilschip's picture

You're not being efficient, at least that's what Michael Porter says.

Sun, 10/09/2011 - 18:29 | 1755724 X.inf.capt
X.inf.capt's picture

maybe, hair...

im curious of whats going to happen when hong kong opens...

my guess is gold is going to take off like a rocket...

Sun, 10/09/2011 - 18:31 | 1755731 Long-John-Silver
Long-John-Silver's picture

Gold up $3 and Silver up .20 on open.

Sun, 10/09/2011 - 18:39 | 1755751 X.inf.capt
X.inf.capt's picture

someones dumping treasuries, 2 yr and up

10 yr yield up 9 

uh oh

Sun, 10/09/2011 - 19:08 | 1755795 X.inf.capt
X.inf.capt's picture

sorry, my bad...

 

Sun, 10/09/2011 - 18:34 | 1755737 mynhair
mynhair's picture

I'm convinced this pig world market reflects the least common denominator, and, given our Fearless Leader, he is the least.

Sun, 10/09/2011 - 20:43 | 1755969 max2205
max2205's picture

Meltup continues to 200 ema

Sun, 10/09/2011 - 18:30 | 1755726 Long-John-Silver
Long-John-Silver's picture

All the other people on the rope line are busy trying to cut themselves free as their being dragged toward the cliff edge.

Sun, 10/09/2011 - 20:35 | 1755956 ffart
ffart's picture

I don't know what purpose the DXY is supposed to serve when the majority of imports come from China these days, and not europe.

Sun, 10/09/2011 - 18:34 | 1755719 SheepDog-One
SheepDog-One's picture

Futures arent reflecting reality? No WAY!

Besides futures are now completely irrelevant, look at Fridays maniacal market actions, 100 point swings in minutes.

Sun, 10/09/2011 - 18:33 | 1755734 Racer
Racer's picture

US seems to be cheering but Germany/UK futures not that happy!

Sun, 10/09/2011 - 20:20 | 1755927 broke433
broke433's picture

Where do you check futures for those?

Sun, 10/09/2011 - 20:47 | 1755976 broke433
broke433's picture

Ty kind sir, way beteer than finz

Sun, 10/09/2011 - 20:20 | 1755928 broke433
broke433's picture

Where do you check futures for those?

Sun, 10/09/2011 - 18:33 | 1755735 buzzsaw99
buzzsaw99's picture

1492 columbus sailed the ocean blue bitchez.

Sun, 10/09/2011 - 18:43 | 1755757 BORT
BORT's picture

And carried an old world disease to the new. 

Sun, 10/09/2011 - 19:40 | 1755802 buzzsaw99
buzzsaw99's picture

the new world may have gotten the shit end of the biological warfare stick but keep in mind that correlation doesn't always imply causation.

 

edit: or perhaps you weren't referring to viral and bacterial diseases at all? either way tomorrow is columbus day so suck it bitchez.

Sun, 10/09/2011 - 20:57 | 1755992 John Law Lives
John Law Lives's picture

In case you haven't read it, you might enjoy 'Guns, Germs, and Steel: The Fates of Human Societies' by Jared Diamond (1997).

Good book!

Sun, 10/09/2011 - 21:24 | 1756036 Gene8696
Gene8696's picture

+1 super book

Sun, 10/09/2011 - 21:39 | 1756069 -Michelle-
-Michelle-'s picture

They carried New World diseases back, too.  Syphilis.  It wasn't as slow-acting as it is now.  Back then, you got covered head to toe in pustules and you died within months.  Cuts both ways...

Sun, 10/09/2011 - 20:56 | 1755991 John Law Lives
John Law Lives's picture

In case you haven't read it, you might enjoy 'Guns, Germs, and Steel: The Fates of Human Societies' by Jared Diamond (1997).

Good book!

 

Sun, 10/09/2011 - 21:17 | 1756022 buzzsaw99
buzzsaw99's picture

I sometimes forget that many cultures rue the day "dirty europeans" rocked their world. I wasn't trying to be insensitive. Don't worry indigenous peeps, many populations are now outbreeding the white menace, and then it will be party time.

Sun, 10/09/2011 - 18:34 | 1755739 chump666
chump666's picture

Europe is a zombie.  Watching Asia, if indexes start to go neg....

Sun, 10/09/2011 - 18:39 | 1755750 Mike2756
Mike2756's picture

Aussie gapped down and filled the gap, and reversed lower.

Sun, 10/09/2011 - 18:51 | 1755771 chump666
chump666's picture

if the ASX200 overshoots it's sell off (following S&P500 sell off) should drag the AUD down.

The market looks confused and nervous. China (fudgy) data due next few hrs, watching money supply.  also wanna see if the commie stat people freak out the market and reveal a really low CPI.  We hope.

Sun, 10/09/2011 - 19:09 | 1755798 chump666
chump666's picture

...very good link!

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