Friday, June 1, 2012

“How’s it Look”?

Huge opening gap this morning coming on the heels of yesterdays SPY full point drop in the last 20 minutes equals very ugly. German 2 year Bunds yielding less than zero = scary. And the big bad jobs # in ½ hour. It feels like one of those days when the macro is so big that even if it's good at 8:30 the reaction will be negative by 9:30. And conversely if it's terrible, the the next QE is likely and with it higher prices at some point. Best advice. Trade smaller than you think you should and .......Be careful out there!

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