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Rumor Mill open for business !
Love all the volatility, simply stay on the right side of the newest rumor and it's a no-brainer market right now.
I guess we can conclude that we are closer to a sell off today than yesterday in equities. The FX markets may be signaling another rebound for the very short term especially since today is the end of the month and quarter. EURUSD price action could rebound further in the short term as it may have a completed 5 waves down. http://bit.ly/pCtQ88
Been riding the right horse all morning but I need more bad news to not wipe out the gains.
+1, In the same boat.
Is that a pic of you making a trade? If so, are you using a blackberry?
No, it´s not, I´m a male. But I thought that it would be a nice pic illustrating the continous fisting we are subjected to.
pick is gross, change it
I bet that UofM consumer report gets bullshitted upward of 60...
The usa federal reserve announced today that they will be buying widgets over the next six months and they sure hoped that leveraged speculators wouldn't drive the price of widgets to insane levels ahead of the move. ;)
Tantum bona valent quantum vendi possunt.
You missed Germany retail sales which are down 2.9% month on month versus a forecast of -0.5%.
Germany has 82 million population by the way, and is a good indicator for the whole of 'core' Europe.
Morgan Stanley CDS's soaring to highest level since 2009 and MS trades up 20% since last Friday.
Morgan Stanley's CDS spread soars. The cost of acquiring credit-default swaps to insure Morgan Stanley's (MS) debt has soared to 456bp, higher than the cost of buying swaps for some major French and Italian banks. Morgan Stanley's CDS spread is still well below a post-Lehman peak of 1300bp, but nonetheless at its highest level since March 2009, as fears of French bank exposure heighten investor caution
Gold Market Report is available here http://bit.ly/qWAApC. Price action should continue to rebound over the short term.
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