Morning Corner 3.16.11

DXY (weekly info)
-no change (below mid)
trend=down
low= 76.40
rev= 78.04; mid= 77.22



It started out this week as a safe haven. That idea seems to have been kicked to the curb as it is now looking to make another weekly low.



3 Month vs Overnight Spread (daily info)







Since January 2011 the spread has been steadily increasing. But it's not the 3 month libor increasing causing the spread to increase. It's the overnight libor that's been decreasing. DECREASING. Do the eurozone banks really trust each other? Or is it the fact that the ECB is backstopping?

220 comments:

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AmenRa said...

testing

CV said...

S&P down for the year...

Looks like a bunch of momos won't be beating their Lipper averages after all...

Anonymous said...

whew! that was scary:-)!

AmenRa said...

Oddly enough blogspot had this problem fixed. Why it's back I don't know.

karen said...

it'll be interesting to see if the JBTFDers want to get shocked again.

Anonymous said...

guess I should have used 1250 as the bounce-

still made a couple bucks though!

CV said...

@ahab

Put things into perspective...

In 2010 (january), the "dip" went from 1150 to 1040 (about 10%)...

The S&P would have to get to 1210 just to match THAT on a percentage "scary" meter...

I'm just talking straight numbers (not all the nuclear fallout & other psychological things attached to it)...

ben22 said...

it'll be interesting to see if the JBTFDers want to get shocked again.


of course they do, read other blogs....

wait till the d wave comes, they'll all come out for a few days telling you how "easy" it is and how we are only 6% off the highs....a "healthy correction", wall of worry, and so on

if we get a Z wave after this to retest 2/18 the sentiment will just be hilarious.

oh....and forward earnings

AmenRa said...

15 handles in 30 min. A new world record!

CV said...

Think about this too... (this is just to PISS McF off - lol)...

The January 2010 drop occurred in a time period starting about 2 and a half months BEFORE the Fed was scheduled to end it's QE program...

QE2 is scheduled to end in June (which is 2 and a half months away)...

Perhaps the 'tsunami/earthquake/reactor fiasco/MENA' just hastened things a bit...

QE18... Coming to a town near you (but not before we get to a level that is good enough for a TEOTWAWKI announcement...

Time to warm up the teleprompters...

Jennifer said...

Ben -- think that's it for the c wave?

I-Man said...

Yall should see how these orders are coming in... computers gone wild yo...

Anonymous said...

I-Man -

read your posts- dude- I was playing the bounce off the 1260! LOL-

more like a trap door!

CV-

I am just looking for small little lay ups- on either side- however, as I would like to see the whole edifice crash and burn- my bias is to the down side

I am just making educated rolls of the dice- if that makes any sense

CV said...

wait till the d wave comes, they'll all come out for a few days telling you how "easy" it is and how we are only 6% off the highs....a "healthy correction", wall of worry, and so on

if we get a Z wave after this to retest 2/18 the sentiment will just be hilarious


Oh, I'd say you can COUNT ON IT...

Based on what I said (2:53), it would set up EXACTLY as the February 2010 - April 2010 timeframe...

New word: BAT=Big Assed Triangle (which I described several times last week if anyone had their noses out of their charts to notice)...

Then we'll probably get another FLASH CRASH...

Whocoodanode?

after that... QE18

I-Man said...

Waterfall alert...

CV said...

@ahab

"I am just making educated rolls of the dice"

Me too... By buying physical goods during the VOIDS between QE expirations & re-start-ups...

Sorry it annoys you traders so... :-)

ben22 said...

CV,

the drop in 2010 for those that care to do the work, was one of the most beautiful fibonacci pictures I have ever seen, in price, and in time, but no doubt....the Fed planned it that way.

I-Man said...

Look out below if it gets any hotter...

CV said...

@Amen

We'd better put up a NEW THREAD... I'll go ahead and do it...

NEW THREAD PEEPS

karen said...

michael lewis penned this in 1989.. BR, has come up with a slightly more readable copy than was available yesterday..

http://www.ritholtz.com/blog/2011/03/1989-how-a-tokyo-earthquake-could-devastate-wall-street-world-economy/

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