Oil Price

Had you been watching oil prices you might have caught the last 2 day run up early.  Oil price being the line above the S&P.

Conspiracy Corner

Will Gold keeps going up?  Better question will Gold be allowed to go up?  Right now Gold price is functioning like a currency but it's not a medium of exchange.  If the exchange part starts to happen ie. you can use gold as colateral at banks then watch out.  Limits on physical Gold will be enforced hard, margin will be raised on GC Futures, and position limits.  Basically the government needs to control the currency and when the market tries to change that the rules get changed.  Silver started to get out of control in May and margin limits went up on SI futures and you can see what happend.

Hmmm

European Central Bank board member retires?  Yen takes a drive off a cliff vs the dollar.  Dows off 300+ points.  10 Year is down in the 1.9 area.  There's rumors of a weekend Greek default but there has been for almost a year now but feels like something is happening just not sure what.

Where's the money going?

Where's the money going.

As you can see S&P, ES futures and Oil Price, CL futures are basically the same.  Which makes perfect sense because it's not like oil is an input cost to make and move things, and it's not like we import that much oil from other counties.  This is where the smiley face goes.

S&P with the 10 Year Bond, ZN futures contract.  Bonds prices are staying high even as the market moves up.

  

Gold price still also staying high.

So basically nothings changed bonds and gold are still being bought even when the S&P temporarily moves up based on whatever Europe said today.  Right or wrong Oil's the new S&P and Gold's the new dollar.

Equities Behind The Curve?

As of writing, 10 Year bond yield has fallen below %2 to an all time low.  All time low as in below 2009 world is ending low.  Gold is at 1900 and CDS spreads in Europe only get bigger.  But stocks seem to be the last to get it so are they just the one market that's right or just behind the curve everyone else set?  My bets on the latter.

Market Closed

Labor Day and the markets closed, or?  The market is not really a useful word all the time because right now yes the New York Stock Exchange, NYSE, NASDAQ are closed, so there's no stock trading.  But, as of this posting the Dow futures are down 250+ points because the Chicago Mercantile Exchange and is still "open" and futures are trading.

Unemployment

Apparently I'm not the only one seeing the upward revisions every week. 
http://www.zerohedge.com/news/another-upward-revision-strike-factors-are-removed-leaves-initial-claims-posts-above-400k-19th-