Very unusual day

csw2002 · 发表于 2010-10-28 03:38 PM

本帖最后由 csw2002 于 2010-10-28 16:40 编辑

We have various equities essentially flat for the day (DJI down and SPX up). However, USD are down big against EURO, AUD, and Gold. At the mean time, Copper closed near the low of the day (and did not rally while market recovered in the PM). This is very unusual in that the correlations we are used to see are disintegrating. Normally, commodities and risk currencies move in the same direction and they tend to go up together with equities. Coupled with the breakdown of the relationship, we are also seeing repeated AM sell-off followed by PM recoveries. I don't think this can continue for very long. If my memory serves me correct, right before the initial breakdown from Oct 2007 top, there were similar non-sensical breakdown of key relationships between various asset classes and also more importantly, there were also repeated AM sell-offs followed by PM recoveries. While the observations are only anecdotal, I am leaning towards the scenario that a sell-off is coming.

usamonkey · 发表于 2010-10-28 03:42 PM

tenteddies · 发表于 2010-10-28 03:42 PM

xnz · 发表于 2010-10-28 03:44 PM

thanks a lot for sharing

humbletrader · 发表于 2010-10-28 03:46 PM

staris · 发表于 2010-10-28 03:46 PM

thanks for the precious observation and experience

Summerrose · 发表于 2010-10-28 03:53 PM

Good observation. Thanks for sharing.
csw2002老大, did you notice that so many stocks beat earnings while the economy was not doing good? what's going on?

marketstudent · 发表于 2010-10-28 03:54 PM

回复 1# csw2002
Agree. Pullback is definitely needed.

windy · 发表于 2010-10-28 03:54 PM

ppteam · 发表于 2010-10-28 03:55 PM

不猜顶，眼见为实，还要有FOLLOW THROUGH

Summerrose · 发表于 2010-10-28 03:55 PM

Even Msft beat by a big margin!!!

netbanker · 发表于 2010-10-28 03:57 PM

it does sounds scary

jeff110 · 发表于 2010-10-28 04:03 PM

谢！

dreampen · 发表于 2010-10-28 04:06 PM

Thanks!

BSW · 发表于 2010-10-28 04:11 PM

We have various equities essentially flat for the day (DJI down and SPX up). However, USD are down b ...
csw2002 发表于 2010-10-28 16:38

Other things aside, your written English is simply marvelous!

If English is not your native tongue (or if you started schooling in an English environment only after high school), then your command of the English language is truly admirable!

greenback · 发表于 2010-10-28 04:12 PM

So the market is preparing for next week's BIG selloff ...

lwjnbtx · 发表于 2010-10-28 04:23 PM

summer123 · 发表于 2010-10-28 04:27 PM

We have various equities essentially flat for the day (DJI down and SPX up). However, USD are down b ...
csw2002 发表于 2010-10-28 16:38

Curious, you are still in CN watching the market whole night

trueself · 发表于 2010-10-28 04:34 PM

wnd4 · 发表于 2010-10-28 04:39 PM

thanks

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[讨论] Very unusual day

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