My suspicions of this rally being tenuous have turned out to be fortuitous. Idiots are crumbling before the surge in the euro. This surge is pressuring bonds, as the dollar descends into anarchy.
The main beneficiary is gold, which is higher by 0.8%.
Look at the euro run, fucking millions of traders who thought otherwise.
The NASDAQ has been weakening for an hour. I waited to post this until I was sure the reversal was real.
Crude oil, well deservedly, is trading lower.
Now go watch the Obama press conference discussing the dangers and plights of melting icebergs and global warming. Meanwhile, markets are undergoing classic blow off top reversals.
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Diminishing returns of QE taking a bite?
Meanwhile, markets are undergoing classic blow off top reversals…… so soon you will get another OS signal on the SPY…..
BoJ is happy. So I figure July will be the next time I really have to get scared of Central Bankers. This is really going to get ugly. China, EU, Japan, USA, England, Australia all on hold for awhile….perfect storm…
The CB’s are at wits end, as markets are no longer responding favorably to QE. The apocalypse hastens.
I bought some SHAK-poo down another 4%
For the Fly,
Something I found interesting and he may as well.
http://www.bloomberg.com/news/articles/2016-03-09/failed-trades-in-10-year-treasury-soar-as-note-stays-special
Sorry, forgot to add this for your entertainment: http://www.ntrc.info/doorbell.html