Post by
curiousbuild on Jun 10, 2016 8:01pm
20% gain
just shows the fear effect with DOW down only 120 points. We can see 30-40% daily gain if DOW drops 300 points which can happen easily.. need fear.. I wonder if Saudis done shorting S&P so they may talk down oil prices as rig count rises again and cover around 1850 and tweet false news to jump prices again. . Wash rinse repeat.. CB
Comment by
Steven1 on Jun 10, 2016 9:11pm
VIX Futures out-performed the SP for the past two days beyond the normal 5 to 1. Thursday was a key distribution day as Smart Money was getting into VIX and risk adverse items (bonds, yen, gold) while the rest of the market trying for ATH. It paid off today It’s nice to see the market react more normally because the US markets were able to fight off risk aversion for the past month. Not today.
Comment by
curiousbuild on Jun 12, 2016 10:34pm
JPY is still strong against USD.. Kuroda may pull off some magic to weaken JPY.. strong USD means sell off in commodities and S&P.. China will make currency war worse.. I bet Soros is playing big on Brexit, may be he is aiming another 1B score. CB
Comment by
curiousbuild on Jun 12, 2016 10:50pm
JPY is still strong against USD.. Kuroda may pull off some magic to weaken JPY.. strong USD means sell off in commodities and S&P.. China will make currency war worse.. I bet Soros is playing big on Brexit, may be he is aiming another 1B score. CB