yeah. i loved the up/dwn today. i think there were 50 point swings all day and then a 250 point turnaround! how about that!!
Volatility is crazy. 5% swings in the indexes. A smart economist and I forget who said all the presses did was increase volatility and that will be the norm going forward. From April 16th until now the volatility has just skyrocketed. Yes the bottom maybe in but for what 30 minutes, 3 days, or 3 weeks? The top call re: mid April was prescient now let's see if the bootom call for the first week of July holds. In the meantime the swings are insane in all the fungibles.
Futures down from highs, looked like before they were pushing up nearly 1%+ Lets see how the asian markets do and how europe open up. *S&P FUT 1075.2 2.2 +0.21% *DOW FUT 10051.0 26.0 +0.26% *NAS FUT 1828.0 12.5 +0.69% Futures continue to drop!!!! FUTURES *S&P FUT 1073.30 +0.30 +0.03% *DOW FUT 10026.00 +1.00 +0.01% *NAS FUT 1820.50 +5.00 +0.28%
Treasury sells 2-year notes at record-low yield Equities rally!?! Something is upside down. This is a volatility run and it's not over.
I am studying the RTH vs Overnight and the trading recently has been interesting to say the least. Let me elaborate. The Euro causes unrest and the fear of contagion. We sell here in the US it spills over into Asia then Europe. We send a price check down find support and rally. But the selling is afterhours on microvolume. The RTH firms just scoop the money into a barrel. GS is a buy. The FED said "Hands-off" in no uncertain terms. On the next plunge buy the beast. 666
Nice dip below 10,000 again!!! Bet this caught a bunch of people off guard this afternoon. Bet it closes above 10,000 again.
Economy In Focus As Dow Falls past 10000 Forbes - Peter C. Beller - ‎1 hour ago‎ Video: Dow Drops Below 10000 at Market Open‎ WPRI.com Dow ends below 10000 CNNMoney Dow Slides Below 10000 Wall Street Journal Late plunge takes Dow below 10000 Xinhua - Mu Xuequan - ‎1 hour ago‎ Wall St fall pushes Dow below 10000 The Australian - Peter A. McKay - ‎1 hour ago‎ Wall Street dips below 10000 while world markets rebound National Business Review - Nevil Gibson - ‎2 hours ago‎ Dow ends below 10000 as euro slips Reuters - Manuela Badawy, Burton Frierson - ‎25 minutes ago‎ Stocks fade late as euro sinks; Dow ends under 10K The Associated Press - Tim Paradis - ‎22 minutes ago‎ Stocks Weaken In Final Hour, Dow Closes Below 10000 StreetInsider.com (subscription) Dow dips below 10000, then bounces back Contra Costa Times Dow Dips Below 10000 on N. Korea Worries, then Bounces Back Arirang News Dow Jones falls below 10000 Kazakhstan News - ‎3 hours ago‎