I use ET to decrompress from South Florida traffic.
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
I use ET to decrompress from South Florida traffic.
a bit of a bounce at 2000
I should have known that once gold got that low (too low) it was in play for a swing
Yeah and you could have gotten kicked in the nuts had it gapped down lower.
ES bounce from 2000 flattening out...seems no big moves into london session. Probably not for NY either, maybe bit more bounce. Gold came back off pretty quick.
One thing though. after the knee jerk and once the dust settles....Lots of talk from "individual" EU countries about the big mistake of uncontrolled boarders and Schengen and Belgium and having such bankrupted countries as greece and non EU Turkey holding such large open boarders. Much talk already about individual EU members leaving the EU as soon as possible. So I would say major weakness in the Euro currency coming fairly quickly. Strong rumors of large EU countries reverting back to original currencies and boarders and sovereign rule (germany and Belgium probably last ones standing in the EU).
So the trade for big, sudden drops in the EURO would be long gold and long USD and long Treasury Bonds, short SPX, short EURO and short Dax
Remember, shortly before Germany went to the EURO the Deutsche Mark traded at .50 to 1.00 USD and that's what it probably would trade at again if UK, France, Poland, Spain, Portugal, Greece, Italy left the EU
One thing though. after the knee jerk and once the dust settles....Lots of talk from "individual" EU countries about the big mistake of uncontrolled boarders and Schengen and Belgium and having such bankrupted countries as greece and non EU Turkey holding such large open boarders. Much talk already about individual EU members leaving the EU as soon as possible. So I would say major weakness in the Euro currency coming fairly quickly. Strong rumors of large EU countries reverting back to original currencies and boarders and sovereign rule (germany and Belgium probably last ones standing in the EU).
So the trade for big, sudden drops in the EURO would be long gold and long USD and long Treasury Bonds, short SPX, short EURO and short Dax
Remember, shortly before Germany went to the EURO the Deutsche Mark traded at .50 to 1.00 USD and that's what it probably would trade at again if UK, France, Poland, Spain, Portugal, Greece, Italy left the EU
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Well, someone thinks rather highly of themselves.... UK never converted to the Euro currency so the impact of leaving is not as great as you think.
Don't let the door hit you on the way out as you enjoy having tariffs applied to everything you export to the EU