Actually, This Was A HORRIBLE Last Day Of The Quarter For A Lot Of Traders

By admin on June 30, 2012

Trader Wall Street Stress Sad Volatile

The market had an amazing day, with the Dow gaining 277 points and the NASDAQ gaining 3.0%.

So, good day for a lot of hedge funds/traders as they close out Q2?

Yes, for some, but for a lot today was a disaster.

That’s because, according to the CFTC, on net, speculators really mis-positioned themselves for today.

So for example, according to Reuters’ analysis of the data, speculators slashed their gold and silver longs, and boosted their copper shorts.

But copper was up 5% today (shorts got creamed) and gold and silver both had huge days (bad timing for those who slashed their longs).

And according to ForexLive, traders boosted their shorts on the Euro, meaning they got crushed on today’s big euro surge.

For vanilla long investors today was a great end to a solid quarter. For a lot of speculators, today was a cruel end.

And in fact, this explains in part the ferocity of today’s move, as the progress in Europe collided with speculators who were wildly negative. Short squeeze.

For more on what happened in today’s market, see here >

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0 Comments

Bunk_6289

May 8, 2012 at 11:49 am

What isn’t the illuminati anynore!!!??? Anything making money, is the illuminati. Nobody is shocked anymore. Ive seen some things that’s unimaginable when it comes to yall. All of talks supposed secrets are common sense stuff. And its all around us. I may be blind in one eye. but my other sees perfect. IM WATCHING YOU!!

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Tmerene

May 15, 2012 at 11:37 am

eii Ewuradi….mccdonalds kraaa 3y3 illuminati..hmmmm sisei dierr me k) strike.. aduane nno doosso

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