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I'm sure bigpipn will have more thoughts on this as he seems to be more forex focused than myself, but I do trade in the currency futures a bit. Fairly large move down in euro/yen this morning. Watching the 130 level for support but failure there could be telling us the stock markets run may...

Interesting - hadn't heard that. Thanks for the info.

For all the readers to know - I spent a lot of time in the index futures room back in 2007 when Pek was also in there. So I have been observing him for quite some time. He even offered to mentor me, which I found quite insulting given that a) he never disclosed any trades thereby making it...

Looks like your wrong - as usual. Draw us a dragon or something will ya?

I have been reading Kass' comments off and on since 2003 but every day since mid 2007. Does he make calls that don't work out? Of course. But anyone that wrote publications that were out there for anyone to read in retrospect would ALWAYS be found to be wrong from time to time. But Kass is...

Cash market volume (NYSE) isn't that bad actually - close to 500 MM already. Last week's figures were an anomaly due to expiration. Volume isn't heavy but it isn't light by any means.

6e is the full size contract and while margins are lower relative to index futures the risk/reward is huge. Just look at what would have happened had you not been on the right side of the trade yesterday and no stop. 5 handle move x 1250 per contract. But there is big money to be made if you...

Now the bears are really going to start worrying just in time for the long only under invested managers to also start worrying.

I am watching to see 740 741 with a possible push through to trigger stops. Meaningful close above on volume would be incredible bullish - but BKX needs to break the downside TL is has been in for a few months first. HUGE ifs.

Disagree again. While the downgrade was priced in, they actually believed they would cut the rating more than the one notch they did. So, worse news was priced in than occurred.

You think a ratings downgrade on one of the biggest stocks (well maybe not by mkt cap anymore!) stocks in the market has not effect? Totally disagree. Just look at the premarket volume as soon as the news hit. Rollover will definitely affect market as a whole today but given it still has...

The GE stock action on the ratings downgrade by S&P should worry a lot of bears that the worst may be priced in. Could be start of big squeeze.

Thats been around for a while - pretty old.

Read my posts douchebag - I never said he 'heard' anything.

yeah - they have been bullish all week and I expect them to always be - at least 95% of the time. However this afternoon I heard that guy as well, saying you might as well short, or buy the SKF or something. Whether that means anything or not is yet to be determined and the market definitely...

I believe DePorre is deaf but he writes daily on a website.

It is what it is - I only posted it because it could cause some serious squeezing and was just trying to help out if I could. No harm no foul. And yes - the original comment came from Jim DePorre, I just didn't mention that. I don't think he would have brought it up if he thought it hadn't...

No idea if this is true but there is a rumor going around that has a little credibility that the SKF might be halted. Could generate a massive squeeze.

No idea if this is true but there is a rumor going around that has a little credibility that the SKF might be halted. Could generate a massive squeeze.

Agree - that was the first move in several days that showed any real sign the bears were covering. They have definitely been patient.