Everyone has at least one, so big round of applause to all the Moms out there on Mother's Day.
There are less pictures and a little more commentary in this update. Please enjoy responsibly.
Market Commentary 13May12
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This blog should not be interpreted as investment advice of any kind. The authors are NOT representing themselves CTAs or CFAs or Investment/Trading Advisor of any kind. The authors may or may not trade in the markets discussed. The authors may hold positions opposite of what may by inferred by this blog.The information contained in this blog is taken from sources the authors believes to be reliable, but it is not guaranteed by the authors as to the accuracy or completeness thereof and is presented here for information purposes only. Commodity trading involves risk and is not for everyone.
12 comments:
A lot of SNB intervention happening tonight. Every time EURCHF dips below 1.2000 (ex 1.1983) it jumps back up to 1.2008 (minimum).
Ten year was 1.78 this morning...peeps in Europe sure are nervous..
BinT
At this rate the 10yr will take out its low from Sept 2011 (1.696).
Moody’s Said to Delay Bank Downgrades Amid Crisis, JPMorgan Loss
http://www.bloomberg.com/news/2012-05-14/moody-s-said-to-delay-bank-downgrades-amid-crisis-jpmorgan-loss.html
quote:
"Moody’s Investors Service is delaying ratings downgrades on more than 100 banks as it assesses the effect of JPMorgan (JPM) Chase & Co.’s trading losses and a greater possibility of a euro breakup, a Moody’s official said."
Pussies.
S&P500...smack dab at 1338...trying to hold.
Andy T
After a quick seek and destroy mission below 1338 the SPX has held above support. But support might not last until the close.
Always useful for a quick look at world government 10yr yields: http://markets.ft.com/RESEARCH/Markets/Government-Bond-Spreads
Last time Gold went below its weekly SMA(89) was Aug 2008.
Support deez!
She's not gonna make it.
Scotty: Capt'n I don't think she can handle much more.
Below March 2012 low. Check.
BTW nuevo.
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