Kudos to MMs
- Thread starter nitro
- Start date
Huge buyer in SIFs otherwise this would be down 10 handles ES. Imo grossly underestimating the problems as they are unfolding in Europe. Almost certainly this buyer is banking on next round of auctions next week to lean on.
On the other hand, it could just be some moron mutual fund that has no choice but to buy. Those guys always get stomped.
On the other hand, it could just be some moron mutual fund that has no choice but to buy. Those guys always get stomped.
Not even "NFV", which takes liquidity into consideration, can keep up with the buying. Currently stands at almost 100 points divergence.
The anticipators are anticipating the anticpipators, all fueled by cheap money. Reminds me of the January effect eventually became the November/Dec/January effect as everyone tried to anti anticipate each other.
Maybe I need to add a behavioral quantitative number to "NFV" to take into account the lizard brain. I simply cannot account for 50 to 80 handles in SPX, other than lizard brain. It is conceivable that it is a future-traveling-back-in-time effect, but most of my numbers already take this into account as far as I can see. The other possibility is that the market has changed its collective mind how long IRs will stay low, but neither the bonds nor FFs confirm this.
Still, no matter how I spin it, it has to be lizard.
The anticipators are anticipating the anticpipators, all fueled by cheap money. Reminds me of the January effect eventually became the November/Dec/January effect as everyone tried to anti anticipate each other.
Maybe I need to add a behavioral quantitative number to "NFV" to take into account the lizard brain. I simply cannot account for 50 to 80 handles in SPX, other than lizard brain. It is conceivable that it is a future-traveling-back-in-time effect, but most of my numbers already take this into account as far as I can see. The other possibility is that the market has changed its collective mind how long IRs will stay low, but neither the bonds nor FFs confirm this.
Still, no matter how I spin it, it has to be lizard.