ANOTHER RED DAY IN THE MARKETS!!! DOW FUTURES -100!!!

euro falling again...

Its been following Pound Sterling down rather than actually being the cause of the fall.

zerohedge‏@zerohedge

In Germany Shrinking Population Triggers Explosion in Vacant Homes [link to DON'T_USE-THIS]

Euro /quotes/zigman/4867933/sampled 1.27 -0.00 0.37%
Yen /quotes/zigman/4868099/sampled 79.11 -0.37 0.46%
Pound /quotes/zigman/4867886/sampled 1.59 -0.01 0.52% Australia$ /quotes/zigman/4867876/sampled 1.04 -0.00 0.05%
DXY Index /quotes/zigman/1652083 80.94 +0.11 0.13%
WSJ $ Idx /quotes/zigman/9625991 70.63 +0.11 0.15%

There was unusual movement in way out of the money 'puts' on the S&P yesterday

I began thinking we could well see a sizeable drop in the markets today

Black Friday on the way?

The charts are showing the Pound starting the dive and Euro following. Must be something going on in British financial services that we aren't privy to...who knows.

why?

I've been puts since last week

I had one of the guys from my room alert that if Obama won, markets would sell off and hard

it had actually started long before this. Another guy who works as a fund analyst said the wealthy have been advised to take capital gains while 2012 rates still applied, so they are selling the big holdings, esp things like Apple computer and Google

Now that the Obama victory is confirmed, expect a bit of a run for the exits

It's all about taxes and uncertainty ...and cap gains

yeah, possible black Friday

/Baltar

euro day low again...

Is it a rates thing then rather than the market worrying the world is about to end?

Its been a pretty weak sell off on the Euro, I have to say. Maybe the big sell of has yet to come.

1,2691!!!

1 minBusiness Insider‏@businessinsider

On Wall Street Trading Desks, Here's What They're Talking About Right Now [link to read.bi]

mostly

and also a few whispers that maybe a war of some kind is brewing

Nothing Charles Nenner and a few others haven't been forecasting for a while...fwiw

[link to www.businessinsider.com]

these things go in cycles

as the Boyscouts say: be preppared...and cash is safest of all, right?

[link to www.sgxniftydowfutureslive.com]

Dow Jones Fut
12674 12679 12675 -102 -0.80 07:53

Markets will end positive today because of the Obama speech and adt 9:55 am the bullshit manipulated univeristy of michigan consumer sentiment poll which they expect to be close to 83%.

Strange seeing as how the Brit Pound started the drop. I wonder whether the Brits will be pushing for a strike on Iran?

funny how on one hand they say it's getting bad and right down below there is another article saying markets have stabilized.. they dont know thierself either..



The Euro Is Diving, US Futures Turn Red, European Markets Tank

Joe Weisenthal|Nov. 8, 2012, 4:40 AM|3,132|17.






Markets Have Stabilized

Joe Weisenthal|Nov. 8, 3:54 AM|649|2


For now.
Read ».

Read more: [link to www.businessinsider.com]

9 minBusiness Insider‏@businessinsider

This Market Is Getting Ugly Fast [link to read.bi]

Strange seeing as how the Brit Pound started the drop. I wonder whether the Brits will be pushing for a strike on Iran?

could well be... probably a joint effort

sure seems like they were just waiting for the charade of an election to be over to quickly advance whatever plans were well underway already, right?

Do you get the feeling things will start to accelerate from this point on?

The selloff in the market the morning after the election was so strong it surprised even me...and I was expecting it

Also don't forget that the real bill for Sandy is just starting to come into focus, and I expect the total to be closer to $100BN...in a state where tax revenues are falling and jobs are vanishing as the financial industry contracts

In addition Elizabeth Warren was just elected to the Senate, and she is expected to put the screws to the banks and Ibanks even more...that can't be helping market sentiment any

A friend of mine is a senior manager at the electrical installation firm contracted to repair most of the buildings in downtown NYC. He says that they are getting quotes of 8-10 weeks just to get the PARTS to start fixing the electricals of those buildings..never mind installation

All those buildings had their equipment in the basement, flooded with salt water. It's going to be a while until Wall Street is really back up and running at 100%

Another colleague who is also an analyst, says a significant number of the guys at his firm are still out of power back home (Northern NJ or Long Island), some are living in temp housing, and his firm only yesterday got their full power back...so he can barely send me charts and analysis

no one even mentions the chaos of a commute..which I'm sure takes a toll

None of this is helping the mood...and when people are uncertain and feeling dispirited, they go to cash

I would...and I have

gltu!