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Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,423 Blog Posts

Hong Kong Rocked for 4% at the Open; Portuguese-German Spreads Widen

Dr. Fly Wed Feb 10, 2016 8:55pm EST 4 Comments

Everything is going to hell this evening. You name the sordid correlation and it is going wrong.

Japanese Yen are soaring again.

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German bonds, as well as all western bonds of the distinguished nature, including my 30 yr treasury ark, are rallying. More importantly, weaker euro nations are diverging from the stronger, once again. Portuguese-German 10 yr spreads are now 330bps.

German

Risk off assets are the rage. Hence, Peter Schiff’s fav, gold, is ripping.

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Crude lower, naturally. That’s a $26 handle, Cullen Frost. Go rework your stress tests.

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Welcome back Hang Seng! We missed you these past few days.

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US futures are lower, by 14 NASDAQS. DAX futures are off by 1.5%.

Good evening.

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4 comments

  1. it is showtime
    it is showtime
    February 10, 2016 at 9:17 pm

    Dow 15000
    Nikkei 15000
    Sweet

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  2. deehydration
    deehydration
    February 10, 2016 at 9:35 pm

    Senor, Nikkei is closed today.

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  3. Po Pimp
    Po Pimp
    February 11, 2016 at 5:16 am

    A-game.

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