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Snow flakes in June
I also think that some volatility returns to the market in the following few weeks. An analyst friend of mine in Manhattan tells me Deutsche Bank is in bad shape. I found this interesting: July 28th – On May 28th, Reuters reported that countries in the European Union were being given a two month deadline to enact “bail-in” legislation. Any nation that does not have “bail-in” legislation in place by that time will face legal action from the European Commission. So why is the European Union in such a rush to get this done? Are the top dogs in the EU anticipating that another great financial crisis is about to erupt?
Enjoy the weekend!
Looks to me that 6-21 is the default date for Greece
I could use a few million euro today. Increase my short position in futures and then publicly announce that we do not have a deal with Greece... Oh, and clear my schedule for the day and get my plane ready. I'm going to the beach.
-German Official
Thank you
Gld- in your opinion, does gold have intrinsic value? Obviously the camp is divided. I am fully led to believe that it does. It's in it's very nature i.e., inherent value.
Main Street is starting to get nervous. BoA analyst saying volatility will be a feature of this summer. Sounds good to me.
You folks must have lost a significant amount of $$ if you are still talking about this pos
Looks like the downward arrow right to the toilet
That's true. A different landscape these days. Uncharted territory really, with Zirp & TBTF & QE. But then we could make the same argument with other stochastic measurements involving the real economy. But I will defer to you on this.
Valuations are quite high- Yellen. Shocking! Lol.
Cape ratio is at 28 normal range 15
I bet those 40 years just flew by. Enjoy this last month and reflect on some of the daily things that you did each day and how much you enjoyed it. I'm sure you helped and touched a lot of students with your knowledge and insight. I think we are gonna see a market shake up soon. All the best Gld!
That's a good point. What a mess we are in. Next 6 months will be very interesting Gld... All the best
Who has done more damage in the last half century than the honourable Paul Volcker.?! I beg of thee, come up with someone else.
Let's hope so. I hope this goes to .50-$1 range in the next 12 mos
Let's see .05 soon!
I do not the reason either. I do know they took volatility out of the market and I do know that it will come back. One other thing is certain this bubble will burst when no one expects it. It will be the most pleasant of surprises. I do agree that TVIX seems broken. It's been a strange market the last three weeks.
One shy twice bitten.
I understand your disgust towards TVIX. But I also remember your post on the TVIX board you posted a whole ago regarding a 10,000% run up in TVIX if the market tanks and backwardation is out of the system. The crash is coming. This year. In the end isn't it about buying low and selling high? Doing the opposite of the herd. I always listen to my gut and it's usually right. Volatility will come back with a divine vengeance . All the best. Steel
I would love to see this at .50 hopefully the deal was legit and a revenue generator. All the best to u
U may be right
Let's hope!
I think some volatility comes back into the market this week, Gldtmr
I'm thinking we start to see some cracks in the armour with Greece coming due 458 mil Euro to the IMF FRI. And T- bills of 1.4 and 1 b the next two successive weeks.
Very true!
What's brewing here? Is the LOI going through?
The slushy soup will make a good bird call for the black swan.
I'm sure it is! Glad you enjoyed the post. Have a good weekend! Steel
Great post
Top formation forming:
1) Momentum is waning.
2) Fewer and fewer stocks are participating in the rally.
3) Economically sensitive indices are already rolling over.
When Greece defaults, Russia will be only too happy to assist Greece and keep it afloat. A Russian foothold in the Aegean will lead to a naval strategic presence in the Mediterranean .
Ok. Thank you very much!
Are we going to receive shares of FONU?
Thx. Good luck to u as well.
A true warrior! Time will be good to you!
I see more inventory piling up. Lack of storage and a stronger dollar continuing the drag downward. All the best....