Short DAX at 7740

If you think that this market is "normal" - take a look at volume numbers early in the morning :

over 20.000 contracts spent to protect 6024.00...LOL ! So which desk is playing little dirty games here ? 100 % several "collaborative" partners !
 
I could not sleep this night because I was over-leveraged but all went fine. Asia shoot up, Europe is up, US will dump it but I made my money.

I guess, these 20k contracts can have something to do that dax is no longer leading index and overperformed compared to US.

I have some worthless calls but who knows maybe they end up in the money in this market.
 
Ackermann droht Ärger mit der Postbank

Als die Deutsche Bank vor zwei Jahren bei der Postbank eingestiegen war, schien es der große Coup zu sein. Doch nun könnte die Postbank umso mehr zur großen Belastung werden. Schuld ist der Stresstest. Es droht sogar der Gang zum Bankenrettungsfonds Soffin. Das wäre nicht zuletzt für Deutsche-Bank-Chef Ackermann eine Horrorvorstellung.


http://www.handelsblatt.com/unterne...kermann-droht-aerger-mit-der-postbank;2615529

It seems, Postbank has some troubles. And Deutsche seems undercapitalized. Lately, they received FDIC letter accusing them they are undercapitalized in the US of A...
 
FDAX yesterday and today totally controlled with 150 contracts bids appearing at "key" intraday supports, for instance at 6062 today.

It doesn't take much to prop the market when there are no sellers but when selling will resume this market goes down like a stone.
 
Market participants need to recall from time to time why derivatives markets exist. It´s about hedging for the large players and about minimizing stock and index volatility.

During times of stress, fund managers ( and execution traders ) are more willing to pull the trigger than during times of positive news flows.

Of course, mutual fund managers use derivatives also to spice up their performance ( in Europe and Germany it´s rather limited due to investment policy and regulative restrictions ).

Anyway, we are now at a critical point of the index markets. Will sovereign debts have a significant influence on company profits ?

Well, I don´t think so in the short term ( next 8-12 weeks ). But the next weeks macro data will give us a clue where we are heading.
 
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