Globex Wealth Exports

• Posted by DynamicHedge
• on March 18th, 2011

Forget about the ongoing wealth transfer to Mideast countries via oil imports.  What about the money lost to foreign traders in overnight sessions?  Have you guys seen the moves occurring in the overnight sessions?  All the action is in globex, then robot wars during the day session.

Here’s the price action as I watch this evening (post G7 announcement):

And here’s another monster move from last night:

Globex makes the market more efficient, but what I wouldn’t give for some of those good old fashioned nasty inefficient gaps of days gone by.

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