Oil takes down this market starting today...

Quote from syrre:

You americans will forget very shortly, and when you stop driving your insane large cars in september, oil will have a correction, so I put on big long positions today in ES.
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First down day in mkt in a while, stocks are actually weak and you go long the mkt.

I wish you well.
 
LOL I think you need to study the market a little bit more, this is the third down day of the last five days. And anyway I am fine, thanks :)
 
Look up a seasonal chart for oil. Sept is a huge up month, followed by a deep selloff into mid-December.

At current levels, it makes sense that equities would sell off hard on a significant leg higher for oil.

I'm positioned for the same move, but shorting USDs as my preferred market in this instance.
 
Quote from Sam123:

That's when we'll sell our Hummers to the Chinese :D
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LOL I was thinking, if all 1,306,313,812 chinese bought a Hummer, maybe it would cover the 9,326,410 sq km land area of China then? :D
 
Quote from RNRBAND:

what is going on with the banks?
thanks
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Yield curve inversion looks much more likely now compared to just last week. I guess the whole market is looking at that as well?
 
england and the US getting bad inflation numbers did not help either. england had a big jump in their reported numbers.

i think more institutional houses are starting to feel the possibilities of an oil parabolic are near ----- time to hedge those long equities and rotate more equities defensive.
 
Quote from MacroEvent:

england and the US getting bad inflation numbers did not help either.
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I LOVE IT! Stocks went down on bad inflation numbers. Bonds rose on good inflation numbers. Don't you love the market?
 
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