Market Soapbox Week Ending 09/19/08
MON, crash, DJIA -504 on exceptionally high volume with devastating internals. All DOWN HUGE. Bonds up HUGE 10 yr -33bps 3.39%. $ down vs 1.427€ & crushed vs 104.408y, WTI -7% $93.89, gold +3% $791; TED Spread EXPLODES +48bps 1.81%
TUE, dead cat bounce, DJIA +142 on high volume with nice internals. All UP. Bonds down BIG 10 yr +15bps 3.54, $ up vs 1.4199€ & up BIG vs 106.49y, WTI down $93.56 gold down $786.5, TED spread up HUGE +32bps 2.13%.
WEN, was that an iceberg? DJIA -449 on high volume with devastating internals. All DOWN 4%+ cept XAU. Bonds up -13bps 10 yr 3.41, $ porked vs 1.4304€ & vs 104.475y, WTI +3% $96.95, gold +10% $868.4, TED spread EXPLODES +89bps 3.02%.
THU, lemming bounce, DJIA +410 on high volume with sterling internals. All UP BIG cept XAU. Bonds down 10 yr +12bps 3.53. $ down vs 1.435€ & up vs 105.42y, WTI +2% $98.76, gold -1% $856.9; TED Spread up +11bps 3.13%
FRI, more chump pump, DJIA +369 on high volume with pretty internals. All UP BIG. Bonds down BIG 10 yr +27bps 3.80%. $ down vs 1.448€ & vs 107.395y, WTI +6% $104.1, gold +2% $876.2; TED Spread down HUGE -85bps 2.28%
This week, DJIA -32, since 09/19/05 DJIA +826. CRB commodities down 360.01 to 359.58
XAU down 129.64 to 127.13 & gold up BIG 768.2 to 876.2; XOI up 1222.21 to 1246.97 & WTI up 100.8 to 104.1. Volatility VIX up 25.85 to 32.07
TED Spread EXPLODED 1.33% to 2.28%; Dollar index down 78.97 to 77.65; $ up vs Yen 107.88 to 107.395 & down vs €1.422 to 1.448
This week long bonds down, short up HUGE.
30yr +7bps; 10yr +8bps, 5yr +9bps, 2yr -2bps, 6mo -29bps; 3mo -56bps.
30 yr @ 4.39%; 10 yr @ 3.80; 5 yr @ 3.04; 2yr @ 2.18; 6 mo @ 1.54; 3 mo @ 0.93
TUE, dead cat bounce, DJIA +142 on high volume with nice internals. All UP. Bonds down BIG 10 yr +15bps 3.54, $ up vs 1.4199€ & up BIG vs 106.49y, WTI down $93.56 gold down $786.5, TED spread up HUGE +32bps 2.13%.
WEN, was that an iceberg? DJIA -449 on high volume with devastating internals. All DOWN 4%+ cept XAU. Bonds up -13bps 10 yr 3.41, $ porked vs 1.4304€ & vs 104.475y, WTI +3% $96.95, gold +10% $868.4, TED spread EXPLODES +89bps 3.02%.
THU, lemming bounce, DJIA +410 on high volume with sterling internals. All UP BIG cept XAU. Bonds down 10 yr +12bps 3.53. $ down vs 1.435€ & up vs 105.42y, WTI +2% $98.76, gold -1% $856.9; TED Spread up +11bps 3.13%
FRI, more chump pump, DJIA +369 on high volume with pretty internals. All UP BIG. Bonds down BIG 10 yr +27bps 3.80%. $ down vs 1.448€ & vs 107.395y, WTI +6% $104.1, gold +2% $876.2; TED Spread down HUGE -85bps 2.28%
This week, DJIA -32, since 09/19/05 DJIA +826. CRB commodities down 360.01 to 359.58
XAU down 129.64 to 127.13 & gold up BIG 768.2 to 876.2; XOI up 1222.21 to 1246.97 & WTI up 100.8 to 104.1. Volatility VIX up 25.85 to 32.07
TED Spread EXPLODED 1.33% to 2.28%; Dollar index down 78.97 to 77.65; $ up vs Yen 107.88 to 107.395 & down vs €1.422 to 1.448
This week long bonds down, short up HUGE.
30yr +7bps; 10yr +8bps, 5yr +9bps, 2yr -2bps, 6mo -29bps; 3mo -56bps.
30 yr @ 4.39%; 10 yr @ 3.80; 5 yr @ 3.04; 2yr @ 2.18; 6 mo @ 1.54; 3 mo @ 0.93
Comments