Gapping up
Gold, the dollar, treasuries, and short sale positions
Gapping down
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Monthly Archives: June 2012
In Play and On the Wires
FLASH: Future Double Down on Losses Off Employment Data, Gold Spikes, and the U.S. Ten Year Hits 1.46%
Non Farm Payrolls: Prior 115k, Market Expects 150k, Actual 69k…
Cramer Moves to Defcon 1 by Tweeting ‘In Two Hours the Markets Fall Apart. Two Hours and Were Down Huge Off the Dollar. This Market is Too Fragile Either Way’
Cramer got caught out there just before the collapse of ’08. Perhaps now he is trying to get ahead of the past we neglected to fix.
Comments »Nasdaq Plays Tough With Clients Angry Over Facebook
“It’s crisis communications 101 for Corporate America: when a company bungles an event as big as the Facebook IPO, alienates customers, and spawns lawsuits and regulatory inquiries, the CEO apologizes and agrees to provide compensation to make things right. Everyone can then move on. ”
Comments »BP Tries to Sell One Third of Its Production Through a Russian Asset
This story spells a larger story brewing, but i’ll spare you the tin foil hat this am.
Comments »Euro Area Unemployment Rises to 11%; Spain Leads the Pack
No really things are getting better as austerity reigns over growth policies.
Comments »Merkel Retreats to Silence as Critics Accuse Her of Allowing the Euro Crisis to ‘Smolder’
I seriously hope she is rethinking policy; Merkel may stand to be the one who destroyed the world.
Comments »Raise Your Glasses as Oil Tanks
The only thing good about risk off and a deflation vortex is the fall of commodity prices. Brent Crude is down below a $100 while WTI is sitting just above $84.
Comments »The Doves are Out on China Easing as Manufacturing Hovers Just Above Recession Territory
Hopes are rising that China will ease and inject some type of stimulus as their PMI came in slightly above the mark that separates recession and growth.
Comments »The Dollar Finds Strength in a Global Shit Storm
The dollar has hit a 21 month high as worries mount over the European debt crisis that is causing global recession.
Comments »World Markets and U.S. Futures Kill The Risk Off Trade
LATE NIGHT REPORT
Read it all here, it’s not looking like a good day tomorrow, even if the job’s numbers are good.
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