Geithner, Bernanke, Obama all of em are sitting around in amazement as the SPUZ eclipse the 8 point allowance for the day, with a +10 point performance thus far. Pain, Pain, Pain thats my world right now. The embracing of all things risky continues unabated. Every asset is up today expect for one - u guessed it the $. I would imagine over at CNBC they are beginning to design the Dow 10k logos again. NATGAS vs CRUDE a BIG winner today - but thats the only one. My shipper refuses to budge. My return for the month turned negative yesterday and today is making that loss a bit worse. I dont know how to interpret a market that ignores any of the real systemic issues we face as a country and latches on to momentum as an investment strategy. Buy em cuz they are going up thats whats going on here.
JB
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