ES Journal Archive (2009 - 2010)

[Lawrence Chan]

Quote from ASusilovic:

How insane must you be to turn a 10.6 % downfall in housing starts into a stock indices rally ? That´s only bullshit Wall Street is able to produce...

The fair value of SPX now stands below 500. With currency devaluation pop up to this point in time, it worths at most 750. Everyone knows it.

Why it is trading at 1100 and above?

It is a game of poker afterall. =P

 

[Lawrence Chan]

Quote from JSSPMK:

I dunno...

Daily USD/CHF looks amazing for a nice bounce ImPO

Crashing USD is easy should some government wanted to do it. Just announce that raising the debt ceiling to double the total debt will give a good signal to the world what it really really wants.

Politicos, however, are not, by definition, brave people who are willing to take on responsibilities, nor, truthful people who do the right things, so, whenever world mkt stands at critical level, the noise level just shoots through the roof.

I will jump in to whichever direction their actions lead to, no top or bottom picking. =)

 

[flatron]

1100 area bound to be defended if it gets there. Order in for another long at 1100

 

[Decel]

NQ is a lot weaker, I don't understand why.

 

[[Proximo]]

Not only that but CPI was higher than expected & this market is rallying.

The market has been up almost every day the last two weeks.

I'm sorry but this is fucked up.

Quote from ASusilovic:

How insane must you be to turn a 10.6 % downfall in housing starts into a stock indices rally ? That´s only bullshit Wall Street is able to produce...

 

[flatron]

Quote from flatron:

1100 area bound to be defended if it gets there. Order in for another long at 1100

Didn't quite get low enough to get me in! Wuold have been the easiest money.
Cancelling order now. doubt we;ll get any more bargains today

 

[ammo]

Quote from ammo:

back out at 1107

add 1106.25, short, avg 1100

 

[riskaddict]

Quote from [Proximo]:

Not only that but CPI was higher than expected & this market is rallying.

The market has been up almost every day the last two weeks.

I'm sorry but this is fucked up.

Just let it go up until Friday I'm short some 1100 puts and found out im having another baby and feel broke already:eek:

 

[ammo]

congrats on the new one

 

[startraitor]

Going back to Oct 2007 highs and most recent highs, the correlation of equities to crude seems to flip just over/under $80/barrel. Uncle point for the consumer and drag on earnings growth outside of energies? If so the relationship has to give to move much higher in equities.