With the world equity markets screaming today, there is one thing that sticks out to me like a sore thumb, The Euro vs the U.S. Dollar only up 57 bps. At the very least …
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MorningWord: 11/28/11: This morning’s world-wide euphoric equity market rally predicated on a BS rumor (here) that the IMF was readying a loan for Italy greater than their actual lending capacity was exactly what the longs …
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Last week the SPX had a rough three and half days of trading where Monday’s opening tick was practically the high and Friday’s shortened 1pm close was the the dead low. World debt and equity …
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Reuters U.S. stock futures jumped in early electronic trading on Sunday on the latest round of proposals out of Europe designed to corral the growing euro zone debt crisis. U.S. stocks suffered their worst week …
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MorningWord: 11/25/11: Walking in this morning on what we will be a shortened day of trading, things feel about as crappy as they did Wednesday. European equity markets are down again this morning, after yesterday’s …
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NYT PARIS — Quashing recent speculation of a softening in Germany’s hard-line stance on the euro, Chancellor Angela Merkel repeated on Thursday her firm opposition either to bonds issued jointly by the euro zone countries …
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Update Nov 23rd 2011 at 3:45: Also buying some call spreads in the banks: This is a lotto ticket type trade and not for everyone. This is not the type of trade you want to …
Continue readingTrade Update Nov 23rd 2011 at 3.40pm: I am selling half of this put fly at 2.40 with the stock at 368.70 for a .70 profit. This was not the sort of profit I was playing for, …
Continue reading4th Update Nov23rd 2011 at 3:25pm: I just closed the balance of this position by selling the Jef Dec 10 Put at 1.00. So lets recap: I originally paid .85 for them and made .15, but the …
Continue reading4th Update Nov 23rd 2011: I am closing the first put spread that I put on back on Nov 8th when the stock was 24.37. I bought the Dec 23/22 ps for .19, I am …
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