Yea the morning should be interesting. Up or down, it does not matter as long as there is volume , clear trend and nice movement. I think this Friday will be special!
Could be. But the $440 TRILLION DOLLARS of notional Global Derivative exposure would dwarf that in a heartbeat. Just think of the 25% rate of growth in the assets of the hedge-fund community in just the last 10 years. Believe it or not, $440 Trillion Dollars is 32 TIMES greater than the total output of the U.S. Economy. :eek: Will such info help one to be a better trader? Probably not.
The nasdaq has lost so much volume its astounding. The funny part is its been actually been providing some support as the financials have gotten killed. If the nas doesnt get going its going to drop like a rock.
Watch this baby ES loose steam in the last 15 minutes. A lot of nervous people saying the hell with it.
The whole Global Derivative exposure is not actually known......... That will one day be a problem as well. If managed correctly they work well, when it doesnt you will find out when it collapses.
Word on the street: the permabears all over the world are plotting to hold hands, chant about subprimes and execute their favorite trade (a way-out-of-the-money OEX put) in unison during an upcoming lunch hour. We bulls have been warned!