Well, I wasn’t feeling like going short just yet, as I didn’t see the “fakeout” move up to squeeze out the last bear. I certainly hope they don’t gap this down, as I’m in cash.
Not a guarantee, but I believe this is the beginning of an avalanche. Might take time to digest, but this is just the first shot. Unless the Madman sends his minions to break some kneecaps this weekend, I think next week could be the beginning of something very ugly.
Just a reader suggestion…I’ve noticed folks on some blogs were confused by the whole “performance bond” notice that was issued by CME today (a lot of confusion on ZH). For those who’ve never been in the business, I suggest reading a Series 7 study guide to get acquainted with all the different types of securities and terms used in the snobby world of high finance…
I for got all about that movie, margin call. The big boys will always give some hint for the major moves in the world events. As Red has pointed out in the past.
This better not be bullish +500 on dow or I am not fiddling around with the stock market ever again.
Unless Israel and Iran somehow go at it and this “comet” that’s coming by sprinkles free cash and oil to the populace.Unbelievable, and to think CME blames it on “market volatility.” A bit after the fact no? We’ve been dealing with market volatility ever since the end of July. It’s the beginning of November.
Also what’s unbelievable Red, is what you pointed out!!! “Margin Call” the movie! What the heck!
Either way, their are running out of fingers to plug the dike. I still maintain, that the sp will be coming down to the 985 sp area by early dec at the lastest.
The only thing that irritates me is that now Madman Ben & The Fed Cronies now have a whole weekend to come up with some BS solution, or force the CME to retract this notice.
The markets did not seem to give any hints of any major moves for Monday. Oil, gold were very steady today.
Well, I wasn’t feeling like going short just yet, as I didn’t see the “fakeout” move up to squeeze out the last bear. I certainly hope they don’t gap this down, as I’m in cash.
I hope not for your sake Red, because you have no short instruments to take advantage of this bear market..
Not a guarantee, but I believe this is the beginning of an avalanche. Might take time to digest, but this is just the first shot. Unless the Madman sends his minions to break some kneecaps this weekend, I think next week could be the beginning of something very ugly.
Hmmm… so you guys think we gap down Monday from this margin requirement news?
Just a reader suggestion…I’ve noticed folks on some blogs were confused by the whole “performance bond” notice that was issued by CME today (a lot of confusion on ZH). For those who’ve never been in the business, I suggest reading a Series 7 study guide to get acquainted with all the different types of securities and terms used in the snobby world of high finance…
I for got all about that movie, margin call. The big boys will always give some hint for the major moves in the world events. As Red has pointed out in the past.
This better not be bullish +500 on dow or I am not fiddling around with the stock market ever again.
Unless Israel and Iran somehow go at it and this “comet” that’s coming by sprinkles free cash and oil to the populace.Unbelievable, and to think CME blames it on “market volatility.” A bit after the fact no? We’ve been dealing with market volatility ever since the end of July. It’s the beginning of November.
Also what’s unbelievable Red, is what you pointed out!!! “Margin Call” the movie! What the heck!
Either way, their are running out of fingers to plug the dike. I still maintain, that the sp will be coming down to the 985 sp area by early dec at the lastest.
The only thing that irritates me is that now Madman Ben & The Fed Cronies now have a whole weekend to come up with some BS solution, or force the CME to retract this notice.