what the heck is going on ?

sharp10 · Dec 12, 2006

that's right 12 cents spike in crude futures...

apex82 · Dec 12, 2006

Quote from EqtTrdr:

that's okay...

CNBC just said "market selling due to huge jump in crude oil"

wtf??

Crude dropped at resistance picture perfect today, so that is some BS. Either someone knows something or they ran the stops to get a nice long position on. Time will tell......

S2007S · Dec 12, 2006

Quote from EqtTrdr:

that's okay...

CNBC just said "market selling due to huge jump in crude oil"

wtf??

haahaha, this is getting better by the minute. Just last week oil was trading higher and guess what the market were higher as well. These are just lame excuses to show that the market is selling off.

cortez27 · Dec 12, 2006

Reality is the selling is increasing in order to lock in unrealized gains. Complacency is eroding. We are heading lower for the next several days to weeks.

Quote from S2007S:

haahaha, this is getting better by the minute. Just last week oil was trading higher and guess what the market were higher as well. These are just lame excuses to show that the market is selling off.

JSL_Capital · Dec 12, 2006

A lot of dip buyers still. . .

I guess it's still 100% room to go, $-whatever.

jack hershey · Dec 12, 2006

This is a settlement rsponse.

S2007S · Dec 12, 2006

going to be interesting to see where the markets close tonight. IF we close down hard I think we should expect a follow through into tomorrow. Its been a while since the markets have put a 2-3 day selloff in.

rcj · Dec 12, 2006

Quote from risktaker:

Let the party begin!

Yep! cant wait. We is ready.

iceman1 · Dec 12, 2006

Quote from cortez27:

Reality is the selling is increasing in order to lock in unrealized gains. Complacency is eroding. We are heading lower for the next several days to weeks.

how do you know that? ever think this is expiry related? Duh.

niceneasy · Dec 12, 2006

theme of 2006 continues:

bad data. the words "inflation", "slow growth ", and "tanking housing market"by the fed... (fine - they didnt use the word tank but pretty close)

bonds go up to price in recession

dollar gets dropped to price in recession

commodities rally

markets rally

the only one that doesnt make sense to me is the market...like who is it, big money wise cause thats really what will move the market, could possibly be inspired at this point??