Thursday, October 6, 2011

Trade: -10 /ES @ 1139.75

Update2: This is why they call it a short squuuueeeezzzeee. These are as of 1:38PM EST

Update: All financial now down more than 1% with some down 3% and HY getting obviously following credit and financials. It should be noted the market is moving inversely to the euro/usd today so this move is likely in response to the weak job numbers (should the euro/usd fall apart today it could get ugly for za bullz)

MS -2%

GS -2%

C -1.75%

BAC -.50%

WFC - -1.18%

HYIG slightly tighter but weakening at the moment

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