after the numbers I'm confused: Challenger Job Cuts y/y 59% (5.3% previous) ADP Non-Farm Employment Change 114k (101k expected) I do not know whether to buy or sell, crap ... Is there a buyer?
, I'm among them too, crap. I was buyer of covered calls and luckily I bought some 6100 and 6200 puts just in case and it looks it was worth it. Overall result. account 3% down from the last high but fighting futher, . I think this is the time of the year when money are distributed so we better be making them. Dow is holding itself reasonably well, much better than S&P. I wonder whether the performence of DAX is not more correlated with S&P rather than Dow.
I do not know, do I consider it as a crash?! I have to say that no, may 06 was much better, we went down and then up and all was fine. I'm flat for today but it was a battle.
eur retail sales +0.9% (0.5% expected) germany factory orders 1.8% (-0.4% expected) rates are kept flat I believe dax is heavily oversold over here compared to any other index except s&p and estoxx50.