![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
solarbirdSomebody sold off a lot of US dollars all at once between 16:30 and 17:00 GMT - around 11:30-Noon Eastern, 8:30-9am Pacific - then followed up with a second round a little bit later. I don't know who, but I know it showed up across every currency I've checked, and, of course, the dollar index:
The Euro path matches the dollar index path the most closely to my eye:
...tho' the Swedish Kronar also matches pretty well. But the only currency I'm seeing consistently showing a big shift at the same time across lots of currencies is the Euro, so someone moved big there. It's reasonably close to closing time for London, so.
The markets were down today, with the S&P500 and DJIA down significantly; the NASDAQ flirted with flat, and, in fact, that index kept the other markets afloat a bit, I think. Yahoo finished up 16¢, or 1.34%. Go fig. Gold jumped over US$1000 today. GM spent some time with a market capitalisation under $1 billion, which hasn't happened since I don't know when, but finished the day just over that number and has regained additional ground in light after-hours trading.
Standard and Poors finally admits that this ain't over, or close to it.
I'm waiting for today's FDIC Friday announcements, if any. I'm not expecting any big banks to get shut down today, but it's one of those items to watch now. They'll wait until closing time of all branches before moving; they always do.
eta: Looks like only one this week; Silver Falls Bank, Silverton, Oregon. Branches and insured accounts handed to Citizens Bank, Corvallis, Oregon; the Silver Falls Bank branches will open as Citizens Bank branches on Monday. ATMs, debit cards, and cheques will operate as normal over the weekend. Small-bank takeovers are so easy.
The Euro path matches the dollar index path the most closely to my eye:
...tho' the Swedish Kronar also matches pretty well. But the only currency I'm seeing consistently showing a big shift at the same time across lots of currencies is the Euro, so someone moved big there. It's reasonably close to closing time for London, so.
The markets were down today, with the S&P500 and DJIA down significantly; the NASDAQ flirted with flat, and, in fact, that index kept the other markets afloat a bit, I think. Yahoo finished up 16¢, or 1.34%. Go fig. Gold jumped over US$1000 today. GM spent some time with a market capitalisation under $1 billion, which hasn't happened since I don't know when, but finished the day just over that number and has regained additional ground in light after-hours trading.
Standard and Poors finally admits that this ain't over, or close to it.
I'm waiting for today's FDIC Friday announcements, if any. I'm not expecting any big banks to get shut down today, but it's one of those items to watch now. They'll wait until closing time of all branches before moving; they always do.
eta: Looks like only one this week; Silver Falls Bank, Silverton, Oregon. Branches and insured accounts handed to Citizens Bank, Corvallis, Oregon; the Silver Falls Bank branches will open as Citizens Bank branches on Monday. ATMs, debit cards, and cheques will operate as normal over the weekend. Small-bank takeovers are so easy.
![[identity profile]](https://www.dreamwidth.org/img/silk/identity/openid.png){kind=small}
no subject
Date: 2009-02-20 11:29 pm (UTC)no subject
Date: 2009-02-21 04:50 pm (UTC)no subject
Date: 2009-02-21 08:01 pm (UTC)