The real big news is
rawteam1
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Fxcm ...
keceph `anah
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rawteam1
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who were short the Swiss Franc (CHF). Those accounts now have a large negative equity.
FXCM has to pay those who were long the CHF.
The shares fell from $12 to $1.50 in the pre-market Friday. After
the LUK bailout announcement they reopened and closed around $4.70 in
after hours trading.
I think you will see it under $2 soon.
The regulators wanted to restrict FXCM accounts to 10-1 leverage.
They should have insisted on that.
This has given gold a boost. Thursday somebody made a huge bullish option bet on Barrick. (ABX)
The "greater good" of the global economy will get thrown under the bus, finally.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Cash sales accounted for 35.5 percent of total home sales in October 2014, down from 38.7 percent in October 2013, according to CoreLogic. The year-over-year share has fallen each month since January 2013, making October the 22nd consecutive month of declines. Month over month, the cash sales share ticked up by half of a percentage point, as is typical for the fall and winter months. Due to seasonality in the housing market, comparisons with the share of cash sales should be made on a year-over-year basis to ensure accuracy.
The peak of cash sales occurred in January 2011, when cash transactions made up 46.4 percent of total home sales. Prior to the housing crisis, the share of cash sales averaged approximately 25 percent. At the current rate of year-over-year decrease, the cash sales share should be back to pre-crisis levels in 2017.