Emini Podcast / The Daily Futures 11/16/11

So what in the world could 3 guys manage to talk about for 2hours:24 minutes:16 seconds?

The President, No Child Left Behind, Going Comatose, Thrashing on the Floor, and somewhere near the end we actually got around to the markets. David called a nice top while we were live and I laid the groundwork for a very nice 10 point Zone to Zone short as we signed off. (whew)

On the lighter side -

A warning from Fitch Ratings that large U.S. banks could be hit hard if Europe's debt crisis spreads sent stocks falling late Wednesday. U.S. indexes were moving between small gains and losses before Fitch released its report around 3:15 p.m. Eastern time. The Dow was down 36 points with an hour of trading left, then plunged to end the day down 190.

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Emini Podcast / The Daily Futures 11/15/11

Big day. Big week! Don't believe me? Click those headphones...

Last night we wandered off the path via an invite and found ourselves hobnobbing with the suit's. Hey, cough it up. It's probably just a hair ball. We rarely TWEET anywhere other than our own front porch but last night we offered this little idea

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Emini Podcast / The Daily Futures 11/14/11

Never a dull moment around here. Here's a quick look at the Sunday Night open on Globex

Euro / 6E

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Emini Podcast / The Daily Futures 11/11/11

With Europe under mounting pressure to act quickly to tackle its debt crisis, the leaders of Italy and Greece moved forcefully on Friday to reinvigorate their governments and show their sincerity about economic austerity. Financial markets rallied on the news.

MF Global fired all 1,066 of its brokerage employees on Friday, triggering anger and resentment about the firm's collapse after bad bets on European debt under former CEO Jon Corzine's leadership. How the abrupt, final blow was delivered upset many staff -- with some learning by e-mail and others through news on the television. "Fifteen years and no severance!" shouted one angry MF Global employee as he left the firm's offices on 5th Avenue in Manhattan after hugging the receptionist and doorman.

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Emini Podcast / The Daily Futures 11/10/11

It is Thursday night and that means Partner's Meeting. As you know that means I don't have time for waxing eloquent. (collective sigh of relief)

Partner's see you there 9PM EDT Sharp. If you need the link call me.

For the rest of the world I will post that same old tired chart. You know the one... where price goes from Zone to Zone to Zone? Here you go - 

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Emini Podcast / The Daily Futures 11/09/11

Stock investors around the world have been bracing for the possibility that Europe would not be able to contain its sovereign debt crisis. On Wednesday, as the financial troubles deepened in Italy, it appeared their worst fears had come true.

A day after Prime Minister Silvio Berlusconi offered his resignation in the face of rising global market skepticism, investors revolted Wednesday, suggesting they do not believe that even a new leadership could fix Italy’s intransigent financial problems and revive its economy.

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Emini Podcast / The Daily Futures 11/08/11

There was a little more news out today on MF Global and I think I heard something about some Italian guy quitting his job but we all the know the Really Big and Important News was here -

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Emini Podcast / The Daily Futures 11/07/11

Lehmans first stock certificate auctioned today for 30,000 Euros.

Bank of New York Mellon Corp., the world’s largest custody bank, is in early stage talks with federal prosecutors to settle accusations the bank overcharged customers for foreign-exchange trading, according to a person briefed on the discussions.

The U.S. Attorney in Manhattan filed suit against New York- based BNY Mellon on Oct. 4, the same day the bank was sued by New York Attorney General Eric Schneiderman, who said the bank defrauded public pension funds of $2 billion over 10 years. Attorneys general in Virginia and Florida have filed similar lawsuits, as have pension funds in Los Angeles and other California counties.

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Emini Podcast / The Daily Futures 11/04/11

Greek Prime Minister George Papandreou survived a parliamentary confidence vote on Saturday, avoiding snap elections which would have torpedoed Greece's debt crisis bailout deal and inflamed the euro zone's economic crisis.

But the nation remained mired in political, social and economic turmoil and Papandreou signaled he would stand down, calling for a new coalition to ram the 130-billion-euro bailout deal through parliament and avoid the nation going bankrupt.

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Emini Podcast / The Daily Futures 11/03/11

(QQQQ)(DIA)(SPY)(GLD)(SLV)

Partners meeting tonight so no time for jibber jabber. Click the headphones above for the "1257 is life really fair trade?" See you all tomorrow.

On Tuesday we did mention that if the market could muster a rally this week we expected 1256/1257 to be resistance on the first trip up. Here's a look...

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