Eur seems to be getting further away from correlating with S&P.
GBP is highly correlated.
Maybe I can workup a chart of PRS 133 on the GBP.
Why?
It is more tightly correlation to S&P, British bank are fairly highly exposed to the Euro. So fireworks on the Euro stage should show up in the GBP anyway.
Chart is from Bloomberg
S&P has some tight Bollingers today, and is traingulating, for a big move. Direction unknown.
You don't have to convince me. The euro thing seemed to be OK directionally intraday, mostly, but beyond that....stinkerino.
ReplyDeleteThis is related to the +/- 3 month window around 8/1 http://www.zerohedge.com/article/vips-sends-memo-obama-warning-israel-may-bomb-iran-early-month
ReplyDeleteCheck new post on the cable, classic blow off top, confirmed by a PRS133
ReplyDeleteSo I don't follow international politics "that much" and I recognize that the media information that I am few could be tainted at best, however, I wonder that if Israel does not make a pre-emptive strike, that there seems little doubt that someday Iran will wipe them off the face of the earth. Maybe Iran and North Korea really collude and act up together in hoping that both of them can negotiate something to their advantage thinking that US won't want "2 MORE wars!" What say you?
ReplyDelete