CAT gives up most of it's gains, ES pulls back a point, DAX makes new high after new high. unfuckingbelievable.
beating a dead horse (i'm the dead horse).... ES at 6.30: 1179, now 1178.75 DAX was 6574 now 6593 wtf. same same currency. i don't get it other than pure manipulation.
Well, why don't you go long dax, I know you have to be like chicken and not good before us open but give it a try. It is difficult to piss against the wind.
I don´t know who´s pushing these markets, but we are buying deep out of the money puts. Very cheap. Almost paying nothing for them. This is absolutely unbelievable. In the middle of Europe´s deepest austerity measures such a rally is almost suicide. But hey, I have observed many suicidal attacks in this contract.
I looked at puts and while I was looking price jumped from 30 to 33 and there was no movement of underlying. I don't get it ... Skew or Vols went up ?!
i deserve that. actually, my day would be more like shitting into the wind- or a super typhoon, more accurately. i've had my dick handed to me today (again, there is an unfortunate reason for my user name). THAT SAID............ if ANYONE can explain to me why with the ES down to 1172.25 that the DAX is at 6589 up 52................ i'm all ears. throw in also explaining why this is still the case with EUR.USD down to 1.39.10 and i would be most greatful. the disconnect from EVERYTHING else is epic in my, albeit, tilted, view
ET board fucking up- posted this 1/2 hour ago and just showed up. became even more confusing at the ES lows a few minutes ago. how is the DAX still up this much? case in point: last time ES at 1168 was 10.30 yest morning. DAX was at 6515 at the time. vs 6556 today. the only answer i've come up with is that it's there because full tilt is on tilt, short to the hilt and bleeding profusely from said short. somehow this doesn't seem like a viable or rational reason but, frankly, it trumps any other reason i can come up with!!!!!!!!!!!!! fuck me.