Going Down?
By Barry Ritholtz - August 19th, 2008, 4:00PM
Money is like manure. You have to spread it around or it smells. ~J. Paul Getty
Macro Notes
CFTC data, euro net shorts fall 38%Peter Boockvar
According to the CFTC weekly data for the week ended Tuesday, net shorts in the euro fell by 38% from last week's record high and are now at a 6 week low. Net shorts in the pound moved up a touch to just shy of its record high. Net longs in the Australian$ rose to the most since May '08 and net longs in the Canadian$ rose to the highest since Nov '07. Gold new longs fell to a 4 week low. Net longs in crude rose 14% and are just 12k contracts from a record high dating back to...
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August 19th, 2008 at 4:11 pm
Next stop – July 15th lows.
Long and strong on SKF.
August 19th, 2008 at 4:38 pm
is the guy on the left holding a shovel or talking to a woman ?
August 19th, 2008 at 6:05 pm
The hiatus from reality from 1980 to the present is over.
Perhaps we will see some prudence in the conduct of our affairs. I certainly hope so. We sure as hell don’t need more war pimping.
What does war have to do with financial markets? EVERYTHING!
August 20th, 2008 at 2:19 am
LOL @ Jay.
Yes, he’s talking to himself about his shovel, because he has just realized that, where he is going, the proper tool is not a shovel, but a pitchfork, as shown on the right.