70 points down gap in the ES....

[volente_00]

Wow, someone took out those 5000 contracts in one swoop .... that was nuts.

Easy 13 million profit

 

[volente_00]

2083 ES touch remains in play on hold of 2040

 

[trader_zone11]

Easy 13 million profit

Yellen backed up the truck and made some money last night ;-)

 

[S2007S]

Markets bounced slightly in the mid morning but looks like it could be an interesting close.....only made one trade today....will wait for next week.

 

[S2007S]

I wonder if Dick Bove is still bullish on those banks????
Big takedown in that sector today....

 

[i960]

I think CME needs to reinvestigate their after-hours limit down policies. As it is, there's a *hard* 5% limit for anything outside US RTH - meaning that if the market hadn't regained some minor optimism last night, it would have pegged the 1999 limit for over 8+ hours until US cash open. Imagine what that open would have looked like in such a scenario (hint: exactly like 8/24 - because that's what happened then).

ES is now more of a 24/5 instrument and it's after-hours limit policies should be adjusted to reflect that such that they're multi-staged expanding limits.

 

[LacesOut]

How is your logic any better than his logic? IOW, the economy has sucked for many people for the past eight years but gas still hit $4.00 per gallon...

Anyway, I'll let the two of you sort it out.

DK - I've never personally suffered from high oil prices. Sure, it sucks, but I've made the most money when oil prices are high. And i'm not even in the oil business.
That being said - when oil prices are high, the economy is generally decent, I make way more sales and thus make more commissions.
That's why when retards celebrate their $25 weekly discount at the gas station, I wonder why they suck so bad at life...

 

[Vertex]

DK - I've never personally suffered from high oil prices. Sure, it sucks, but I've made the most money when oil prices are high. And i'm not even in the oil business.
That being said - when oil prices are high, the economy is generally decent, I make way more sales and thus make more commissions.
That's why when retards celebrate their $25 weekly discount at the gas station, I wonder why they suck so bad at life...

What do you sell?

 

[der_kommissar]

DK - I've never personally suffered from high oil prices. Sure, it sucks, but I've made the most money when oil prices are high. And i'm not even in the oil business.
That being said - when oil prices are high, the economy is generally decent, I make way more sales and thus make more commissions.
That's why when retards celebrate their $25 weekly discount at the gas station, I wonder why they suck so bad at life...

wrt to higher oil prices and a decent economy, I think it's a pretty tenuous relationship...2007 peak oil prices coincided with peak real estate bubble...2014 peak oil prices coincided with end of QE3...IOW, they reflect monetary easiness, not necessarily a great economy...Granted, it's great for those who are employed in a field that benefits from the liquidity pump...

Now, tell me how great higher oil prices were for the economy back in 73-74...We also had a great economy in the 90's and oil was as low as $10/bbl in 1998...Pretty damn solid economy around that time...

 

[LacesOut]

What do you sell?

widgets - it doesn't matter.
When oil prices collapse, it's generally not a good thing for the global economy.
I am, of course, talking my own back pocket.