Posted on 11/20/2009 9:41:08 AM PST by FromLori
File under: Very Curious Event
A London-based official at ICE said that the exchange is cancelling trades on dollar index futures above 76.50, after a spike in the contact that saw it jump to 82.18. The official said they are still investigating the cause for the move. Recent trades showed the contract up 0.7% to 75.89.
Whiskey Tango Foxtrot, over?
Honestly I don’t know what to make of it do you? Did you see this?
Yields on two-year Treasurys hit lows of 2009
The bond market is also reflecting increasing concerns that the U.S. economy won’t rebound from the recession as quickly or strongly as markets had accounted for — especially after Federal Reserve Chairman Ben Bernanke said earlier this week that extremely low interest rates would be merited for some time.
http://www.marketwatch.com/story/two-year-treasury-yields-hits-low-of-2009-2009-11-20
>>VERY STRANGE
>>http://johngaltfla.com/blog3/2009/11/18/the-day-the-dollar-died/
lol I know it was supposed to be fictional but it is the potential part that worried me.
Also related just came across this
Some crazy action today on the CME around 7 am Eastern when dollar index futures surged an unbelievable 9% from 75.38 to 82.18. As apparently the CME has never seen what happened to VOW stock when the short squeeze was recreating Armageddon over at permabull Larry Robbins’ office (i.e. stock moved up 100% in about an hour), we can see why they would be confused by what could have been the start of the dollar short unwind when the second leg of the Ukrainian plunge occurred earlier. So instead of validating these trades, the CME has decided to simply cancel them: because fat fingers in billions worth of futures are just so prevalent. The dollar “plunge enforcement team” has been promptly woken up from its Larry Summerseqsue narcolpetic slumber and will rectify any and all attempts at a returns to fair market value.
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