Plus people are realizing that the Euro is bs due to the insurmountable long term structural problems that Europe has. John
commodities, oil, fina all r down... still market is holding in a tight range... let the selloff begin... 2morrow's CPI will be the highest since 1930's
Finally at 2pm we get the other side of the salad bowl to form in the ER2! Up to then it was a pooper scooper. Well, I was over two hours off, guys. Sorry. Feel free to trash me for bad timing. We did get there in the end though. A good day until 1pm for reversal trades, then long at 2pm and hang on to your hats! I am out for the day now. A good day, but it wasn't without its white knuckle moments.
Yea, but look at the serious contango in LIBOR and Euorodollar futures. Sombody is expecting rates to plummet over the next 9-12 months.
And that's exactly what happened - rates plunged 200 basis pts over the following 3 months with a bit of a rise lately. I made a killing from the drop. Anyone else?