Tuesday, September 29, 2009

Okedoke

So we opened with a probe higher in the SPUZ of about $7, consumer confidence report came out and apparently consumers are not feeling very confident even as the market has ripped higher by 60% in the last 6 months. The SPUZ took a breather went negative by a few bucks but alas we are back to the environment of mindless dip buying so now they have moved back into the green by a couple bucks.
Tech is a little soft, REITS a liitle soft, Darkmattter a little stronger, overall - nothing doing.
The market zoomed higher by 1.8% yesterday and today - the inclination is to buy em??? Go figure. 1.8% on an extremely light session - ok whatever.
I just want to go on the record as saying a big dollar rally has to be coming - the whole world is hosrt it and hates it - its the definition of a crowded trade.

JB

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