Wednesday, November 30, 2011


The markets have been alternating quite quickly from euphoria to depression and back to euphoria. Today is one of those euphoric days. S&P e-mini December (ES) is up more than 3.2% as I write this. The 10-year (ZN) took a nose-dive after news from the central banks and ADP numbers (which were very good and came with a hefty upward revision of October numbers), but has recovered to a -0.23% loss. The dollar (DX) has tanked also at 78.450. The next big event is Friday Nonfarm Payrolls (NFP).

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