Watch FXY. It led to the “calamitous reversal” we experienced yesterday. Early on, the Yen was lower, allowing the “risk trade” to thrive. However, it appears the Yen is rallying again, which in turn is giving people a reason to sell.
I’m not saying this is a fucking rolling disaster heading straight for your home. But, with GS getting nailed too, it’s definitely worth monitoring.
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The cornholing has begun – lube with VXX mentholatum.
WHAT? I just ordered the $16,000 bacon cheeseburger? Maybe I can send it back!
WAITOR!!!
Try the “Kentucky Jelly” on Wonder Bread.
They don’t know how to make jelly in Kentucky. I tried some of that KY jelly once, it was awful.
Europe closes at noon.
I think this is a re-run. Isn’t this the episode where Blankfien & Co. gun the futures at the open, then spend the next few hours distributing to the bagholders before they pull the rug out from under them?
Off to lunch
Follow up on post on last blog, Eur/USD failed so far to go thru that key 50% retest and is back under 1.2100 at this moment
At 1 p.m. ET we have the 30-year bond auction. Last month it was weak, with the bid-to-cover the lowest of 2010 at 2.60. Yield was 4.490%, with direct bidders at 22% and indirect bidders at a weak 33%, taking down 55% of the auction.
$spx 1020 coming…
yes, but first 1244,75
1215 is the top for the next 5 years.. Spx 1020 1st.. Deflation is upon us.
You are all idiots (spoken in heavy russian accent)
That was a quick lunch.
LOL, Lunch is for Wimps. GG….Fly is no wimp
Remeber this:
http://ibankcoin.com/flyblog/2010/06/08/mega-cap-carnage/
Anyone hazzard to guess where we are on that ride.
First sign of trouble everyone run for the exits okay? Ready? Go
fuck GS … they’d short their own stock, to zero …. steal all pension/mutual fund money and then go private at 300 after they robbed everyone of shares
Yen pulled back. Let the rally commence.
TRMA in the shitter today. What’s up with that? Better question is where does it go from here?
from today’s 8K- “”As of June 10, 2010, the Company’s forecasted cash and available credit capacity are not sufficient to enable it to make the missed payment prior to the end of the grace period””
Ahhhh yes! That’d do it to just about any company…………..BP is next.
So…….Does that TRMA a buyout target?
Hey, wouldn’t it be really, really wierd if the market gave back all it’s gains today, like it did yesterday? Wouldn’t that be just too funny? I mean, how often does that happen?
Off to my lunch at Burger King.
Heh-heh, now THAT would be funny. I don’t think it’s ever done that before, two days in a row.
I mean, talk about a Black Swan!….
Once they discovered a black swan they found there were flocks of them.
Fly- This article is on Marketwatch’s home page- talks about Black Friday tomorrow, some indicator that’s been very reliable over several decades is about to show that growth is about to reverse to the negative. Could you comment? I realize, things can’t be that predictably simple, nonetheless, would appreciate your comments, prescient one.
http://www.marketwatch.com/story/economic-predictor-set-to-turn-negative-2010-06-10
Sorry, not “black”, but “bleak” Friday, it helps if one reads English correctly. I apologize.