western europe is still dependent on russia when it comes to LNG and besides that russia is making good for the piigs countries atm i.e. germany has to keep the russian and chinese front open for trading or it will choke itself to death and if germany dies most of the eu nations die with it.As always money dictate the foreign policies.
Ukraine is not going to start WWIII no matter what happens. No one is going to stop Russia if Russia wants to. They rolled into Crimea without so much as a whimper from the West.
2+ Billion is loose POMO cash hitting the market tomorrow after UE data. I am thinking that market treads water into late afternoon and ends roughly even but Friday is likely to be bullish.
I would wait a little more.Wait for 2090 minimum.The top is near.The stock market which is built on the foundation of cheap money, is going to topple when the rug is pulled from under it.DJIA target is between 17400-17800.
Are you thinking this will bump up more tomorrow or stay flat?
as more hedging being put on at these nosebleed levels. The wide gap in the Spot VIX versus the front month is a problem if you get a one day sell off in the market as UVXY will barely rise as Spot fills the gap and the the Dip buyers rush in and UVXY ends with a loss after a down day, opposite of today. THE SPX is too close to the 2000 hurdle at this point to not make a serious run at it so keep your powder dry and wait until at least middle of next week to initiate any short position.
Fed will warn of high interest rates in future and will tell everyone they plan to lay out there rate increase strategy in September. Now there not raising rates in September, but the Fed will start the process of walking the dog in thirty days. Best to be prepared for a market sell off at 2 pm, or you might be left holding the bag.
Voxell I don't who the folks are like grm that show up and out of nowhere and post a bunch of #$%$ but Voxel has consistently been on of the best and most insightful contributors to this blog.
Thank you guys. And King - actually I did trade on this idea. Was buying strike 28, 30 and 32 puts with both hands when VIX stated to go up. August 09 puts expired worthless, but August 15 and 22 puts have done very well. Still riding them down, but overall about 100% gain for the trade. Waiting for UVXY to fall below 20 and then close my shorts
No doubt, I'm far to hopeful. I'd post a fitting quote by Emil Cioran but I'd be in a squabble with 5 dim-wits for the rest of the day. ( :
waxing philosophies is always nice (use to partake on this MB myself) but can u exploit ur academics into 'fake' $? keep in mind we're traders, not professors. plus, most visiting this site have an IQ lower than my shoe size so u're wasting ur intellect anyway.
One of the saddest moves by the industrial elite was to monetize our news companies into entertainment venues. It is much harder these days to rightly inform the citizenry. How can"The Nation" compete without vomiting a couple of Miley Cyrus articles?
To know all is to forgive all. - From the French I think.
Someone thumbs downed you?
Thank you for pointing out the article in "The Nation". It was an interesting read. I also appreciated your insightful comments last spring regarding Crimea...
So-called "coverage" of Ukrainian conflict by USA media is basically one-sided and histerical anti-Russian propaganda. No mention of historial context and explanation of Russian position. No mention of killing of civilians in Eastern Ukraine by the army. To understand what is going on a little better please take a look at acrticle by Stephen Cohen in the Nation "The New Cold War and the Necessity of Patriotic Heresy". Once you see it you understand that latest spike in VIX was based mostly on a lot of hot air and Putin is not about to start WWIII
I didn't make any plays today just wasn't sure. I had opportunity for some short shares just didn't think it was the right time. I have a gut feeling that Friday after yellen speaks it will move up and close at the weeks high late day. Again I have nothing backing this feeling up just a gut feeling.
firmed up a bit this afternoon. Tomorrow UVXY will likely close higher but just a little, then another plunge likely near week end. Hold off until next week before initiating any position.