US equities open significantly lower, as the market mood is again pretty lousy. Now its a case of whether things spiral out of control, or if the market will cling to attempted 'inspiration' from Yellen. Gold is gaining a powerful fear bid, +$16, pushing for the $1200 threshold.
sp'60min
VIX'60min
GLD, daily
Summary
*there is a lot going on... bear with me...
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re: CHK, -40% @ $1.80s. It looks like we'll see the first implosion from this one...or SDRL within 3-6 weeks.
How will the market react to losing a familiar name? We've not forgotten about Glencore either, have we?
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notable weakness, DB -5% in the $16s.... and that would be a system threat to the EU.
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10.37am... An early attempt from sp'1839... but VIX is currently at the highs.. 26.48.
CHK -45%.. as the B' word is now being used in the mainstream.