Short DAX at 7740

[ASusilovic]

Euro-zone April manufacturing PMI 36.7 vs. 33.9


Euro-zone April services PMI 43.1 vs. 40.9 March


Euro-zone April composite PMI 40.5 vs. 38.3 March

 

[ASusilovic]

Industrial orders in the euro area declined 34.5 percent from the year-earlier month, after a revised 34.3 percent drop in January, the European Union’s statistics office in Luxembourg said today. The February drop is the seventh straight decline and the largest since the data series began in 1996.

Some DAX market participants must be dreaming about a late 2009 "recovery"...:eek:

 

[ASusilovic]

Performance of DAX constituents over different time periods :

http://index.finanztreff.de/indizes_einzelwerte,ansicht,performance,i,159096.html

 

[David M]

going short @95

 

[ASusilovic]

Quote from ASusilovic:

Industrial orders in the euro area declined 34.5 percent from the year-earlier month, after a revised 34.3 percent drop in January, the European Union’s statistics office in Luxembourg said today. The February drop is the seventh straight decline and the largest since the data series began in 1996.

Some DAX market participants must be dreaming about a late 2009 "recovery"...:eek:

<object width="560" height="340"><param name="movie" value="http://www.youtube.com/v/rSupw-W8wnA&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/rSupw-W8wnA&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="560" height="340"></embed></object>

 

[David M]

all rest out @40

btw almost got stopped out on @95 pos.

 

[ASusilovic]

Today :

IFO Current Assessment

Measures current German business conditions, without considering future expectations.

IFO Expectations

Based on firms' expectations for the next six months, where firms rate the future outlook as better, same, or worse.

 

[Brendan R]

Telegraph: Germany's slump risks 'explosive' mood as second banking crisis looms

A clutch of political and labour leaders in Germany have raised the spectre of civil unrest after the country's leading institutes forecast a 6pc contraction of gross domestic product this year, a slump reminiscent of 1931 and bad enough to drive unemployment to 4.7m by 2010. Michael Sommer, leader of the DGB trade union federation, called the latest wave of sackings a "declaration of war" against Germany's workers. "Social unrest can no longer be ruled out," he said

and... the DAX keeps levitating, guess May may be different, let's see...

 

[ASusilovic]

Put Call Ratio ODAX 2.6148 May 2009

Put Call Ratio ODAX 3.3086 Jun 2009

Put Call Ratio ODAX 6.1333 Dec 2009

 

[Brendan R]

Quote from ASusilovic:

Put Call Ratio ODAX 2.6148 May 2009

Put Call Ratio ODAX 3.3086 Jun 2009

Put Call Ratio ODAX 6.1333 Dec 2009

6 to 1 for Dec 2009, never seen such a ratio!

If this is to be interpreted as a contrarian indicator, then DAX will jump to 10,000. I'm kidding, but still I don't understand how so much put activity has not resulted in markets moving lower, just as a result of hedging

I guess it's therefore the smart money loading up on puts and Dax will soon revert to the downside. They have been able to hedge the deltas with retail demand for bullish notes and 401k inflows on the back of "we're in a new bull market" spin

May May