ES Journal Archive (2006 - 2008)

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Quote from opt789:

For those who may have missed the reason for the drop, at 12:56 eastern:

"In prior research, Moody's identified five monoline financial guarantor groups as being most exposed to deteriorating performance of residential mortgage-backed securities: CIFG, FGIC, SCA (SCA), AMBAC (ABK) and MBIA (MBI). Based on further analysis conducted since early November, they continue to believe CIFG is most likely to fall below Aaa capital benchmarks, though they have announced a capital enhancement plan which would significantly reduce that risk. Moody's also continues to see FGIC, SCA and AMBAC as somewhat likely to exhibit a capital shortfall under one of the stress models previously described. And with regard to MBIA, additional analysis of its direct RMBS portfolio leads Moody's to believe the guarantor is at greater risk of exhibiting a capital shortfall than previously communicated; they now consider this somewhat likely."
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like they did not know that before .and surprise ,surprise this kind of horse shit comes out when market siting at the highs off the day, just to fuck the most amount off people
 
Quote from Spooz Top:

still looking for that ultimate sell at around 1500-1508.
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I would tend to agree, but it depends how we get there. The surprises in the headlines are definitely to the downside. In the meantime I am still short ZB (bonds). I'll be looking to short ES maybe Friday after the jobs report. :D
 
Um, not really sure what you guys watch, but the selloff that started at just before 1pm was from that headline. Take a look at the stocks of MBI and ABK. Stocks don't fall 20% in 1 minute because some arbitrary reading of overbought was hit. The NY subpoenas news was out much earlier. No big deal, I won't post info anymore.
 
that mbi chart is nasty... make look at taking a swing short in a couple months on that if it ever bounces back. Looks like it has a long way to go to the downside longterm
 
Quote from opt789:

Um, not really sure what you guys watch, but the selloff that started at just before 1pm was from that headline. Take a look at the stocks of MBI and ABK. Stocks don't fall 20% in 1 minute because some arbitrary reading of overbought was hit. The NY subpoenas news was out much earlier. No big deal, I won't post info anymore.
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what you have to understand is that the "news" more often than not coincides with technicals........the charts tell the tale as news just acts as the catalyst for the impending move.
 
Quote from thomfergu:

like they did not know that before .and surprise ,surprise this kind of horse shit comes out when market siting at the highs off the day, just to fuck the most amount off people
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Of course. We wouldn't have a market if if we didn't have people to fuck.

John
 
Quote from opt789:

No big deal, I won't post info anymore.
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Thanks for info. I knew some information must exist just did not know which one.
It was in advance prepared bull trap, that is clear - it was visible from far.

God thanks I was short in RDN but just 300 shares.:mad:
 
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