Backdoc: IN DOWN MARKETS ITS COMMON TO SEE AN UP DAY ON FRIDAY AFTER A WEEK OF DOWNS!
THERE IS MORE DOWNSIDE COMING!
WE ARE VERY FAR FROM STABILITY AT THIS POINT.
OZ WILL BE MAKING MORE CHANGES, STAND BY! (Oz=IMF, WORLD BANK, U.S.TREASURY, AND CBI)
TODAY WAS LIKELY A SHORT COVERING RALLY!! DOC
SOMETIMES BIG MARKET MOVING NEWS OCURRS ON WEEKENDS FOR SOME REASON, SO WE WILL BE WATCHING WORLD EVENTS ...ESPECIALLY CURRENCY MARKETS!!
JUST AN ENCOURAGING NOTE HERE, THE BIGGER THE CHANGES THE BIGGER THE NEWS! WINK WINK!!
SOMETHING OF SIGNIFICANCE LIKE A COUNTRY THAT WILL BE THE LARGEST OIL PRODUCER IN THE WORLD COMING BACK INTO THE WORLD FINANCIAL SYSTEM WOULD MAKE FINANCIAL WAVES BIG TIME!!
WHAT WE ARE SEEING IS OZ LAND REALIGNING TO THOSE COMING CHANGES IN MY OPINION! DOC
Agggiedad77: Points well taken and understood.....parity....tandemness where it didn't exist in the past.....shoes falling
There is a "togetherness" that appears to be growing in many arenas....to what end
Makes one wonder about the timing
The Swiss have proven that lightening strikes happen in the blink of an eye and have far-reaching affects
Do you know where your shoes are? Aloha Randy
Backdoc: IMO…MMMMM LOOK FOR LOWER LOWS TO COME WITH THE BLACK GOLD CURRENCIES!
WITH BRENT AND WTI NOW IN TANDEM THEY CAN BOTH HEAD LOWER TO FLUSH OUT THE FINAL EFFECT THE EMPIRE WANTS IN DECIMATING THE BRICS!
I'M CONTINUING TO STUDY THE EURO PARITY ISSUE. IT'S NO SURPRISE TO ME, WHAT WAS A SURPRISE WAS THE EQUALIZATION OF THE TWO BLACK GOLD CURRENCIES!!!
AFTER THINKING ABOUT IT MORE I'M BEGINNING TO BELIEVE THE REALIGNMENT OF THESE TWO ARE TELLING ME THAT WE ARE HEADED TO PARITY NOT ONLY IN THE EURO BUT THE POUND AS WELL!!
OF COURSE I COULD BE WRONG BUT THE SWISS MISS GIRL IS PREPARING FOR SOMETHING BIGGER. MMMMM
AS I RECALL WHEN THE CURRENCIES WERE TESTING IN THE PAST THE POUND, EURO, CANADIAN DOLLAR,AND THE AUSSIE DOLLAR WERE ALL THE SAME. MAYBE A COINCIDENCE BUT WE ARE HEADED TO PARITY VERY, VERY FAST WITH THE EURO. WILL THE POUND COME INTO ALIGNMENT TO THE DOLLAR AS WELL??? MMMMM
ANOTHER POINT OF FACT TO SHARE, ABOUT A YEAR AND A HALF AGO THE POUND EXCHANGED AROUND 2.50 TO THE DOLLAR! IN ONE DAY IT WENT DOWN 40% TO 1.5 TO THE DOLLAR!! FACT, AND HARDLY A WORD WAS SAID ABOUT IT ON THE NEWS! IT WAS DOWNGRADED ON ITS' DEBT AS WELL!!
IS IT TIME FOR IT TO REALIGN THE REST OF THE WAY?
WE KNOW THE DINAR TAKING A VALUE WILL MASSIVELY ENHANCE THE DOLLAR! DO THESE CENTRAL BANKS NEED TO BEGIN REALIGNING TO THE CHANGE A COMIN? MMMMM
A LOT TO WATCH! A VERY INTERESTING DISPLAY OF POWER!
I THINK THERE ARE BIGGER SHOES TO DROP AND SOON!!
WITH OIL TAKING ANOTHER LEG DOWN, IT WILL PUT THE FINAL NAIL IN THE COFFIN FOR RUSSIA AND THE REBELLIOUS BRICS!
NOW, HERE IS THE BIGGEST TROUBLE FOR THE BRICS, TIME !!!!!
THE LONGER OIL STAYS SIGNIFICANTLY BELOW EXTRACTION COSTS THESE COUNTRIES WILL BE FORCED TO GIVE UP THEIR CENTRAL BANK RESERVES IN HARD CURRENCY AS WELL AS GOLD!!
THIS WILL DEFLATE THE PURCHASING POWER OF THE BRICS!
I LOOK FOR THE DEFLATION TO PICK UP NOW!
AND REMEMBER TIME IS THE KILLER FOR THESE REBELLIOUS COUNTRIES!
IMO 8@8, DOC
Backdoc » January 16th, 2015, 7:11 pm IMO
THE KEY REVERSAL TODAY IN BONDS TODAY ARE SIGNIFICANT. YEILDS HAVE BEEN FLATTENING, AS THEY BECOME INVERTED THAT MY FRIENDS SPELLS TROUBLE IN THE BOND MARKET! WE WILL WATCH AND SEE WHAT DEVELOPS!
REMEMBER, THE PYTHON, "IMF" MAY NEED TO BAIL OUT COUNTRIES THAT FAIL. SOME OF THE BRICS MAY BE THE FIRST OF THOSE TO FALL. DEFLATION WILL BE CHALLENGING FOR COUNTRIES!
THE U.S. HAS THE CLEANEST DIRTY SHIRT IN THE LAUNDRY! IMO LOL DOC
Bonds fall to session lows after consumer data
Katy Barnato | @KatyBarnato
3 Mins Ago
US 3-MO 0.0228 -0.005 0%
US 1-YR 0.1605 0.009 0%
US 2-YR 0.4876 0.044 0%
US 5-YR 1.2944 0.072 0%
US 10-YR 1.8308 0.056 0%
US 30-YR 2.4462 0.035 0%
U.S. sovereign bonds hit session lows on Friday after a private report on U.S. consumer sentiment in early January reduced some worries about domestic growth, sparking selling of safe-haven holdings in U.S. government debt.
The University of Michigan's index that gauges U.S. consumers' attitude on the economy climbed to 98.2 in early January, the highest in 11 years.
Yields on benchmark 10-year Treasury notes—used to calculate mortgage rates and other consumer loans—rose to 1.82 percent, down 30/32 in price, giving u p a rally that had seen yields fall for five-straight sessions.
This followed the announcement by the Swiss National Bank (SNB) that it would abandon its three-year-old cap on the Swiss franc's value against the euro.
Swiss bonds also rose on Friday, pushing the 10-year government bond yield into negative for the first time, according to Reuters.
The "safe-haven" rally meant German bonds also continued to gain on Friday.
"What makes this move shocking is that just last month the SNB committed to preventing their currency appreciating beyond 1.20 to the euro and vowed they would enforce the policy with 'the utmost determination,'" said Deutsche Bank's Jim Reid in a research note sent on Friday.
"The risk for the global financial system is that if the SNB can make such a dramatic U-turn could other central banks follow at some point."
Wall Street stock indexes fell for a fifth straight session on Thursday after the news, and looked set for a lower open on Friday.
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Data out on Friday include the consumer price index (CPI) at 8:30 a.m. ET, monthly industrial production at 9:15 a.m. and the Michigan consumer sentiment index at 9:55 a.m.
Reuters contributed to this report.[/b]