Generally speaking, this poster is very astute but I don't see max pain at $115.01. Not understanding his/her logic. I assume he / she is looking at the open interest, which is extraordinarily high and maybe highest of the contracts but the volume is not, at least not yet. I kinda think $112 is the point of max pain.
my back with a ruler, I noticed a missed a few spots. He did also. So, a falling Euro is gonna be GOOD for US exports? Whas up with that?
What I have against the Swizz has nothing to do with their change of heart guarding the Euro.
As I said, they ran "out of stupidity and aren't going to play a fool's game anymore". It was a smart move, for them.
Talkin abuut helpin out yur friendly banksters, they just put 1/2 of 1% into the pockets of every Swizz Bankster.
Now, the wealthy on this message board are gonna hafta pay another $5m per each Billion have have socked away.
Didn't even take as long as I thought.
One sided trades rarely satisfy the Oigi board.
4 years ago they were determined to keep a floor on the Euro, thus keeping a lid on their currency.
A lid on their currency is better for exports AND their markets. After all,they export a lot of chocolate. LOL
Well, they just figured out that buying all these Euros is a fool's game.
It'snot as if they can't afford to keep printing and buying but they realize where it's heading.
The knee jerks are right to jerk. The unwinding "may" be just beginning.
Leave it to the punks in Swizzerlund. They blinked.
I always liked Yodels.
4 years ago they were determined to put a cap on their francensteins.
They bought Euros. And more and more and more.
And finally somebody said enough.
Did they run out of money? Nope.
They ran out of stupidity and aren't going to play a fool's game anymore.
Yup. My butcher gave up on veal chops.
It's back to steak.
Bought a new cast iron skillet for the steaks.
Paid with cash. Paper cash. Trash.