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-- got -- new -- -- markets -- a global -- strategist he joins the company now from the floor of the CME group Michael.
Pleasure to have you -- is how -- I'm gonna throw you a bit of a Kabul via so forgive me.
Pretty soon we're expecting a decision on General McChrystal.
Where there's going to be fired or not.
Now there's been some debate on the company about whether or not that has any immediate effect on the down.
Do you think they'll be any impact from that decision on the stock market.
Well if you want to reference the -- for starters it's it's a broader measure of 500 vs thirty being the F and but until there's a real tangible natural asset being pulled out of that boundary.
Of Afghanistan I don't see how the market really has a direct proportional -- from a -- of course this is all about stability and control.
On the government from a confidence standpoint of who's really running things up from behind the scenes and right now at least I think the market -- tried.
To place -- everything other than what you just mentioned concerning crude oil through.
Political instability with about referendums coming through right now Michael do you think that they overruled biases to the downside only upside for stocks right now.
It have to -- to the downside in some of the deja Vu going through the market right now we're just look at how the new home sales number came out.
I do understand that that's only 15% of sales.
New home sales but it's kind of -- that when you have a -- a 500000 you're looking for for you get 300.
Very very eerily similar to our payroll numbers that we just got on the nonfarm payroll that.
This -- thing -- now again the correlation is simply just the number but what we're seeing is competent slightly eroding right here and I have some retracement.
The S&P in particular just over the last year that 1085 is a big level.
And below that 1044 and with the same emphasis of being short the F and he -- along with the Euro.
Because the market has that -- at the at this point to believe that.
Until we -- confirmation of trades below 1044.
I think those shorts will be more problem in the market right now.
And -- volatility picks up it's even better for them -- that scenario will take it all right so Michael -- thank you very much indeed for joining us we appreciate you being with us thanks Michael.
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