I find solace in knowing somewhere Jim Cramer is geeking out over this correlation, as he fucking hates it to the very fiber of his being.
Oil is giving up the goods; therefore, stocks are going lower.
Good old crude, good for absolutely nothing, with exception to heating, transport, plastics and textiles.
Get this, the dollar is tanking, as oil tanks. Who would’ve guessed that? EVERYONE LOSES, in this fucked up casino.
Gold is going higher and has been the bastion of safety, until it isn’t anymore and the shares of the junior miners drop by half again.
As for my money, it stays aboard the ark. We haven’t departed yet. I do see the clouds emerging ahead and the forecast is calling for a light drizzle, amounting to just 10,000 ft of rain. It’s not too late for you to come aboard. I have lots of room next to the boa constrictors and the snow leopards.
Is the Ark self catering or does the price include the all you can eat buffet?
i love this tape
what’s the snow for?
To keep the Polar bears alive…
…Penguins etc.
Keeps the beer cold mostly.
I meant snow leopards. Sorry, I was eating a sandwich
I’m having zebra for lunch.
I assume after this morning some seats were freed up on the ark? I”ll give you my fatted calf for a window seat.
“EVERYONE LOSES, in this fucked up casino.”
True, ‘dat.
it looks like XOM is the oil ark.
What a strange MOVE since yesterday. Naz normally is the big dog leading the way in either direction with DOW being the tail. THis Rally in the DOW, it being the strong Index is SO strange. Not sure what the heck is up? And this Dollar Sell off is so strange too? ROFL, maybe China is flooding the global market with USD buying up Euro, Aussie, etc to keep it’s CNY in good shape until everything closes on Monday for New Years Holiday. LOL, Where is my Foil Hat…just strange.
You know that USD/CNH (off shore yuan) did sell off very hard yesterday and the CNH/CNY spread disappeared. This sell off in the dollar really seems to have the PBoC hands all over it?? BTW Copper is just getting a massive short squeeze over at the LME with the weaker dollar, no “After China Holiday” demand is appearing.
OK Now this Bear is feeling better, YEP give me a rally and I will find some Central Banker Behind it. The PBoC intervened in the offshore yuan market, knocking USDCNH down 400 pips today to bring it in line with USDCNY. Yet, Futures traders went in the opposite direction…which tells me that the PBoC is really going to have one heck of a time holding CNH/CNY at par.
Mrs Flaps funds preservation of snow leopard habitat so we call that spot.
Looks like the PBoC likes to come in and buy CNH/CNY at .9900 and .9975. Yet after Friday they may not care that much for at least a week.