Wednesday, October 17, 2012

For all those traders out there trying to understand today's slow consistent downtrade

First, I feel your pain (i'm net down on the day, though selling bonds as a hedge in the afternoon helped mitigate).  There are some days where the volatility of the price action feels like 2-3 trading days compressed into a single day.  Today was not one of those days.  There are days where it feels like only 1/2 of a trading day has gone by come the end of the day, and those days can be painful and nerve wracking for traders accustomed to the high volatility days.  It is conceivable that tomorrow feels like an extension of though the clock should still read Wednesday come tomorrow.  The story isn't over yet, so we'll just have to wait and see.

govttrader out...

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