Should see a bounce here 1237-1240, lets see what this does.
Noting EURUSD correlation totally gone.
First currency then stocks... GS must be shocked with ECB move
Best way for volatility is TVIX... which is double leveraged gives an idea of volatily that is coming
Thanks, bb! It is looking like the santa claus rally is in play, especially with the news overnight. I remember seeing the ES down over 15 points late last night. And now it's just the opposite. Go figure :)
good post as always, rd! looks good. this is what i am looking at as well. i like how you have the big crash falling somewhere in the beginning of 2012. that's when i think we're gonna see the real fireworks as well. and unlike in the aug/sep period of this year, there will be no meaningful bounce. santa will sure make the bulls feel all warm inside thinking we're going much higher when we hit those highs that you have on your chart by eoy, but start of next year bam! all those hopes and dreams of going a lot higher will get crushed.
I went to bed last night and futures were deep in the red. This morning they were nice and green. I thought about this divergence on the train ride into work and I thought to myself that whoever was shorting last night knew something, even though the market was green this morning. We'll see - if we're bloody red by the close today then all bets are off for any further rally, imo. This has been a crazy few months, that's for sure.
EJ down, EU down..
BOJ said nothing will be done for EJ...
Todays high.... as per my analysis... 200ma held as strong strong resistance.... 11,984.9 (with shocking ECB move cut)
ECB wants to bring back growth... and its in catch 22 situation...
growth of italy just 1.9%.... inflation 3% and now borrowing touching 6.4% it will not work in any economic model...
More and more greece is delayed, italy will default as it cannot borrow further...
Keep these posts coming! It's not a conspiracy, it's truth and the more it surfaces the quicker we can rid the world of these scumbag bankers.
All we need is another banker in charge...see how that works?....conspiracy nut.....
Papandreou will meet Greek President Karolos Papoulias immediately after an emergency cabinet meeting has finished.
He is expected to offer a coalition government, with former Greek central banker Lucas Papademos at the helm.
Suddenly today there are fears? Did nobody know until today?
More like they tried to cover it up and hoped nobody would figure it out.