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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..
BinTAt this rate the 10yr will take out its low from Sept 2011 (1.696).
Moody’s Said to Delay Bank Downgrades Amid Crisis, JPMorgan Losshttp://www.bloomberg.com/news/2012-05-14/moody-s-said-to-delay-bank-downgrades-amid-crisis-jpmorgan-loss.htmlquote:"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 TAfter 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.
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).
ReplyDeleteTen year was 1.78 this morning...peeps in Europe sure are nervous..
ReplyDeleteBinT
ReplyDeleteAt 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
ReplyDeletehttp://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.
ReplyDeleteAndy T
ReplyDeleteAfter 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
ReplyDeleteLast time Gold went below its weekly SMA(89) was Aug 2008.
ReplyDeleteSupport deez!
ReplyDeleteShe's not gonna make it.
ReplyDeleteScotty: Capt'n I don't think she can handle much more.
Below March 2012 low. Check.
ReplyDeleteBTW nuevo.
ReplyDelete