Friday, November 4, 2011

EU and Greek Debt - Why is there an Important Vote at Midnight?

A: Because the folks are around and thinking at that time. They only sleep during working hours! (ha ha - we're sorry for this EU joke.)

US Equities Today - NASDAQ DOW SP and Equity Futures

Volume was so slight that, first approximation, no institutions were trading today. (Not trading equities on an expected down-day anyway.)

Why would that be with an upcoming huge Greek vote after the market closes? After all, EUR/USD = US Equity.

Combination of reasons:

1. The vote is already predicted with a large degree of certainty for some reason(s) and/or...
2. Any problems can be addressed in the 24 hour Forex market with direct EUR/USD purchase/sale or with futures to handle things until Monday.

Forex trades? Yes, the volume of anything can disappear in the standard Forex volume and become untraceable. But don't forget to look at the put/call volumes for EUR/USD for now.

Also, the EUR/USD has made relatively zero movement and that movement is a requirement for the algorithms to run; therefore, small volume today.

We may Vote for Obama again afterall - IMF and ECB! G20

So he told the EU to get stuffed. Thank you, Mr. President. It's about time someone kept US $ in the US.

Fund Collapse - BAC 6% Debacle Today?

We saw a narrowly distributed report that another Wall Street fund has an appx. $2B long and also a $2B short in the same position.

Well... in that case, do not do business with that firm since, well, you know, after all... X-X=0 always and all the time.

We wonder about the true... ah... well... you folks get it.

But any firm already in the news is NOT the next firm to collapse; otherwise, it wouldn't be in the... you know.

This is a great hint about soon-to-be facts.