Monthly Archives: September 2016
Reality started creeping in an hour ago. How long will it be until someone trips on a power cable at the NYSE or CBOE?
At 1pm N America time (2am Japan), and ten minutes after the cash SPX dropped through the 100dema (2125), the BoJ blinked and posted that it would consider more deeply negative rates at its meeting next week. Brainard’s comments from yesterday was not strong enough to launch a sustained short squeeze. She needed help. This BoJ comment has had an impact on the price […] Read the rest of this entry