Morning Corner 3.2.11

Swiss Franc (weekly info)
new high 1.0774
trend=up
high= 1.0774
rev= 1.0064; mid= 1.0419



I guess we can see where some of the money is going for safety. Because it's not the dollar or it would have been much higher after yesterdays sell off. This and commodities are the new safe havens (for now).



TED Spread (weekly info)
-no change (above mid)
trend=up
high= 0.2220
rev= 0.1490; mid= 0.1855



It's actually turning down. Really??? I want what they're smoking!



219 comments:

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Bruce in Tennessee said...

April gold settled higher by 0.6% to $1437.70 per ounce. It traded to a new all-time high at $1441.00 per ounce.

karen said...

Nick Timiraos
Freddie Mac will end purchases of loans with LTVs above 95%. Performance of those loans has been "unacceptable"

Anonymous said...

JP Morgan reportedly takes delivery of nearly 1 mln tons of raw sugar.

in what way does any of this benefit society?
Blythe, aren't you sweet enough already?

AmenRa said...

The bulls tried and tried and tried but could not close above yesterdays midpoint. I feel like I'm in a western. Cooking bulls over an open flame at night while the stars twinkle overhead.

I-Man said...

Oh the weather is going to be straight nasty... highs in the low to mid 40s, heavy rain, SW winds up to 30mph... awesome.

I'll probably be freezing my ass off in the rain next to a ragin driftwood bonfire in my duckhunting waders with a beer and/or whiskey bottle in my hand the whole time.

Catching a 30lb Columbia River springer off the beach, about a 30min swim upriver from the ocean, that takes off like a freight train back towards the ocean as soon as its hooked warms you up pretty good tho, when it happens.

Basically a drunk fest with the dudes I go out there with... we've been doing it since college.

We rage it.

Hell of a lot funner than trading!!!

Bruce in Tennessee said...

That freezing does sound like....fun?

Maybe some hot coals down your waders to stay warm?

spoonman said...

I, that sounds like you're going to heaven.

AFIA said...

The Bond Report 3.2.11

A mild risk-on day and a big steepener. JNK and EMB were the winners. Long duration was steadily sold during the day. Claims tomorrow and then the MOST IMPORTANT NFP NUMBER IN HISTORY on Friday. Again.

Corpies: LQD -0.51%; AGG -0.18%; JNK 0.27%; HYG 0.00%
Govies: TLT -1.38%; IEI -0.25%; TIP -0.15%
Munis: IQI -0.08%; MUB -0.20%
Mortgages: MBB 0.00%
Specialty: ZROZ -2.29%; TBT 2.74%; EMB 0.13%

We are 29% long fixed income, and added to our hedge (15%).
Equity longs remain 17% divvys and 5% SPY.

We await the Ghaddafi demise relief rally.
"Suicide is painless, it brings on many changes..."

spoonman said...

don't die on us.

I-Man said...

Yeah that would suck...

Bruce in Tennessee said...

Reminds me of the canoe trip my wife and I took with about 20 friends...got caught on some rocks in some rapids...I told my wife I had to get out and shove the canoe off...she yelled as loud as she could "If you do we're gonna die"...

...our friends still chuckle about it...

karen said...

"At least 1.8 million barrels of crude oil in three tankers have left Libyan ports in the past 24 hours, shipping and trade sources said on Wednesday.

They said the cargoes were exported from the ports of Zawiyah and Zuetina.

“We had a tanker in Zuetina, which left yesterday,” a Greek shipping source said. “Crude oil is leaving the country.”"

http://stockmarketnews.resumit.com/european-stockmarket-news/more-libyan-crude-cargoes-sail-from-ports-sources/

Anonymous said...

Hyenas and wildebeest discussions occur here too:

http://dealbreaker.com/2011/03/at-bridgewater-associates-some-hyenas-opinions-are-more-important-than-others/#more-37225

karen said...

$bkx and XLF closed lower than yesterday.. just sayn'

also peek at $djr.. getting ready for triple waterfall? TLT barely hanging on to its uptrend on 13/34 ema chart.. so a buying up setting up or a get the hell out of dodge, AR : )

karen said...

Canada rejects Fox news. Reason, a licenser may not broadcast....any false or misleading news." http://huff.to/dRWlL2

AFIA said...

Cheer up, Bucky.
JPY has been the strongest world currency since 1980...

http://www.businessinsider.com/heres-the-one-thing-nobody-gets-about-the-japanese-sovereign-debt-disaster-2011-3

karen said...

AP: S&P warns of downgrades on Portugal and Greece $ECB http://apne.ws/hrVMKQ

karen said...

YCS is looking interesting.. in light of @4:44

karen said...

I guess the CRM H&S is too obvious to play out..

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