jarbo456 wrote:well....anyone holding long or short over the weekend?
I'll let you know 15min. before the close.
If you look at the bonds performance, you should really wonder how anybody has the stomacht to be long anything other than gold and CL1 over the weekend
Most people will only realize next week what the downgrade of Fitch really means...
THANK YOU KING COBRA AND ALL BOARDERS
See you all late on Monday
PS: King Cobra: please advise us here if we can do anything to support your subscription board, and we will do it, whatever you tell us that would help you. (Al is not too bright in figuring that one out).
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
The only thing market will go up is to have all leaders joining hands and singing Kumbaya.
From The Guardian News:
8.05pm: With rumours of an S&P downgrade of France still rattling around, Wall Street has lost all its earlier optimism. The Dow Jones industrial average is now up just 7 points, or 0.06%. Traders have been spooked by Fitch's warning this evening that a comprehensive solution to the eurozone debt crisis "is beyond reach".
The downgrade will only happens after market closes.
jarbo456 wrote:well....anyone holding long or short over the weekend?
I'll let you know 15min. before the close.
If you look at the bonds performance, you should really wonder how anybody has the stomacht to be long anything other than gold and CL1 over the weekend
Most people will only realize next week what the downgrade of Fitch really means...
I don't usually make predictions like this but Monday has a 50/50 black swan crash potential:
2 Hindenburg Omens this week
Fitch basically said Europe will fail.
VIX slaughtered past week. No one wearing a condom.
jarbo456 wrote:
mac769 wrote:
BullBear52x wrote:
jarbo456 wrote:well....anyone holding long or short over the weekend?
I'll let you know 15min. before the close.
If you look at the bonds performance, you should really wonder how anybody has the stomacht to be long anything other than gold and CL1 over the weekend
Most people will only realize next week what the downgrade of Fitch really means...
There were no HOs this week, close but not cigar. The new high/new low criteria has not been met yet.
Buckethead wrote:I don't usually make predictions like this but Monday has a 50/50 black swan crash potential:
2 Hindenburg Omens this week
Fitch basically said Europe will fail.
VIX slaughtered past week. No one wearing a condom.
jarbo456 wrote:
mac769 wrote:
BullBear52x wrote:
jarbo456 wrote:well....anyone holding long or short over the weekend?
I'll let you know 15min. before the close.
If you look at the bonds performance, you should really wonder how anybody has the stomacht to be long anything other than gold and CL1 over the weekend
Most people will only realize next week what the downgrade of Fitch really means...
Being a true contrarian, I understand Fitch's potential downgrade from an alternative view.
If they downgrade europe, european assets' price will be quickly shoot down in Q1 2012 and they will encounter a significant deflation due to the wealth effect of the financial market. Understanding ECB's goal of inflation targeting, you can easily guess what they gonna do next.
However, if such external shoot by downgrade is quick enough, their real economy won't even be affected. But a european version of QE will be triggered by such shoot down easily.
I know there will be risk with such wild game. But it is election year, Merkel & Sarkozy & Obama must do something wild to stimulate their economies. An artificially controlled and contained crisis would enable them to stimulate and being re-elected.
What I'm afraid of? Shorts on EUR.
If there's a miracle this Chrismas, US will bail out Eurozone, then there will be one f$@$^king cover by shorts and keep the ramping from behind for days.
From Zerohedge: Net EUR Short Position Soars To All Time Record, Implies "Fair Value" Of EURUSD Below 1.20
Fed would try intervene before 1.20 EUR/USD. 1.20 would signal catastrophe for US markets and US exporters. Last time EUR hit those levels was May flash crash.
Maybe it happens unexpectedly overnight gap. Who knows..
FinancePhD wrote:I also believe the fair value should be around 1.20 for at least 1H 2012.
GlamTrader wrote:Commodities and mining stocks are pretty bullish today. market will likely gap up Monday
What concerns me is EWG (Germany) finished lower than the DAX close, and the DAX closed at support. Also, there was a 1+ million last sell on SPY. I'm guessing we gap down but I didn't place bets.