20091128 So the market is crashing. Well if you shorted the Emini S&P500 futures during the US morning session....well, the 5 min chart tells a thousand words.
News headlines: (from Bloomberg.com)
U.S. Stocks, Commodities Slide as Bonds, Dollar Gain on Dubai Debt Crisis
•Dubai Woes May Escalate to `Major Sovereign Default,' Bank of America Says
•Mobius Sees a `Correction' From Dubai Crisis as Das Predicts Risk Aversion
•Dubai Debt May Exceed $80 Billion on Off-Balance-Sheet Liability, UBS Says
•Black Friday Shoppers Crowd Best Buy, Target in Pursuit of `Elusive Game'
•VIX Jumps the Most Since October as Dubai Seeks Debt Payment Postponement
•AvtoVAZ to Get $1.7 Billion From Russia in Technology Accord With Renault •Greenhouse-Gas Pledges by China, U.S. May Drive Climate Deal in Copenhagen
•Germany's Top Nazi-Hunter Finds `Best Break' in Years in Brazilian Archive
Labels: ES, index futures
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