Risk Focus Reverts From FX To Stocks/Credit With Weak Ending

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Fri, 12/16/2011 - 18:21 | 1988517 Gromit
Gromit's picture

Good 'cos I bought some OTM Spy puts at the close. Couldn't resist it.

Fri, 12/16/2011 - 20:53 | 1988958 HedgeAccordingly
HedgeAccordingly's picture

Hanging by a thread over 1210.. seems like if we were gonna rally.. we would have already.. though sunday's the past 4 weeks we have seen a gap up.. only to fade 


chart - http://hedge.ly/uS0nxq

Fri, 12/16/2011 - 18:25 | 1988545 slaughterer
slaughterer's picture

Santa rally next week?  (crickets)

Fri, 12/16/2011 - 18:28 | 1988560 LowProfile
LowProfile's picture

IMO we'll be lucky to get one NEXT year....

Sat, 12/17/2011 - 00:11 | 1989387 xglider
xglider's picture

Tom Demark called for a rally to 1330's by 12/21 - that would require one heck of a hellacious rampup in just a few days. 

Fri, 12/16/2011 - 19:20 | 1988745 slewie the pi-rat
slewie the pi-rat's picture

thxz, T_D!

Fri, 12/16/2011 - 19:51 | 1988828 heremynkitty
heremynkitty's picture

Tanks, CC and TD!

AUD and NZD strength scared me off TVIX today, darn.

Fri, 12/16/2011 - 20:37 | 1988923 Jendrzejczyk
Jendrzejczyk's picture

I'm gonna beg for a weekend open thread here.

Fri, 12/16/2011 - 21:10 | 1988984 heremynkitty
heremynkitty's picture

Heck, pick the nearest RP thread.  Which is all but this one.

Fri, 12/16/2011 - 21:39 | 1989053 Raisuli
Raisuli's picture

Please pardon my ignorance, but what is an open thread?

Fri, 12/16/2011 - 21:52 | 1989078 Jendrzejczyk
Jendrzejczyk's picture

Free for all, no holds barred, all topics open for discussion thread. Great for entire weekend reading entertainment.


It's like watching a horse run with no rider.

Fri, 12/16/2011 - 22:30 | 1989149 heremynkitty
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Got really tired of winding up with a bet on those...

Fri, 12/16/2011 - 23:19 | 1989253 slewie the pi-rat
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hey, raisuli, welcome to zH!

you idiot!

Fri, 12/16/2011 - 23:49 | 1989300 heremynkitty
heremynkitty's picture

Slewie, you slime, not an idiot.  A friend of mine got bounced for going wild on a thread, not open, a while ago.

You might recognize him :  mynhair

Sat, 12/17/2011 - 01:29 | 1989485 Raisuli
Raisuli's picture

Uh, it wasn't me. Seriously, OK, my denials betray me, but I have no idea to what heremynkitty is refering.

Sat, 12/17/2011 - 11:46 | 1989786 slewie the pi-rat
slewie the pi-rat's picture


ifUweren't such_a_ noobie you'd know how endearing an idiot canB to a pi-rat...

mynhair's last act was a dead cat bounce, at least...


Sat, 12/17/2011 - 01:26 | 1989479 Raisuli
Raisuli's picture

Thanks slewie. I've heard that it takes one to know one, but I don't believe everything I hear. BTW, what is the deal with tHe sEemiNgly RAnDom choice of upper and lower case here abouts?

Sat, 12/17/2011 - 12:35 | 1989801 slewie the pi-rat
slewie the pi-rat's picture

code:  yer caps, backward, spell DARN E

this song explains it: Idiot wind YouTube and also provides Shelter From The Storm

and...we just had a nice little earthquake...

Fri, 12/16/2011 - 21:51 | 1989076 CalibratedConfidence
Fri, 12/16/2011 - 23:36 | 1989161 heremynkitty
heremynkitty's picture

I admit, here and now, that this HYG crappola leaves me timid.  As much as I try, I don't get this inventing shares CIT.

Must mean I should short it.  Any 3X's out there?

Fri, 12/16/2011 - 23:00 | 1989217 Strut
Strut's picture

OT - Can anyone explain to a greenhorn why the regular spike in volume at the days close doesn’t seem to affect price?

Fri, 12/16/2011 - 23:37 | 1989291 heremynkitty
heremynkitty's picture

Institutions selling into short covering, or vice versa.

Fri, 12/16/2011 - 23:58 | 1989346 Strut
Strut's picture

Exactly what I suspected. Thanks!

Sat, 12/17/2011 - 00:35 | 1989415 heremynkitty
heremynkitty's picture

If we could get rid of the shorts, maybe a down day would close at LOD.

Bunch of wussies.

I've seen, what, 5 LOD closes in the last year?

Christ, now you have to sell TZA by 1:30pm EST to get the best price.

If not 10:30.  Frigging wuss shorts.  Bunch of pissants with no conviction.

Sat, 12/17/2011 - 02:58 | 1989548 caerus
caerus's picture

bidu will be the short of 2012

Sat, 12/17/2011 - 10:17 | 1989706 onebir
onebir's picture

Bullionvault gold mid prices are above $1600 in London & Zurich right now (NY hasn't woken up, and is only quoting 1g amounts...)

This is what they say about out of hours trading:

 "You will notice that although we stay open the depth of the market diminishes when the gold markets are shut.  This is because with markets closed the robots lack the external references to be reasonably confident they are not making silly prices to you, and to prevent losing too much to you they quote gold prices in smaller sizes.

In fact this is one of the best times of the day or week for you to trade a little gold.  We make a thin market and let our customers activity define the price.  The bots change our prices in response to greater demand or supply from you."

I don't know if this means much for next week - the people trading on bullionvault are likely 'goldbugs' to some extent, and not so subject to liquidity shortages, margin calls etc.

Sat, 12/17/2011 - 13:18 | 1989891 Terra-Firma
Terra-Firma's picture

The market in the last few weeks has shifted from hope to denial to resignation. Capitulation to follow? But never discount central banks injecting some juice to temporarily revive the comatose market. Deleveraging is not stopping or even slowing so the patient continues to bleed out. The social compact is broken. Very dark times are coming; not unlike 1937-1938. The spoils of WWII have run their course. More spoils to follow.

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