sharp drop in eurusd pushing down Dow, what happened at 6:52 gmt
Also about an hour earlier FEd's Plosser came out with some argumenation why QE will end sooner rather than later.
At these levels better to be in the game.
I Initiated a short on the Dow as well as on Oil
Oil a speculative play because all indications show that there is a balance towards the supply side.
14.516 cash ???
what is that...
Added at 13535
Thanks
I call now all the powers of gravity to apply to the Dow
and have a safe landing
why is everyone fighting the trend
If you have been long since late december its time to take some off the table, also why would you want to be long getting up to multi year highs, coming into a debt ceiling debate which will get fixed in the end but could see these markets correct a few hundred points before they do, we all know it will be alot of horse trading before they do, even if the trend is up, not harm shorting near the top, i certainly wouldnt want to buy it here.
Added at 13535