If you went to Europe at the start of 2009 and a Coke cost 1 Euro, now you would have to pay 1.47 Euros for the same Coke. Nice huh? I might not have explained that exactly correctly but my point is that the dollar has been CRUSHED. Stocks and commodities worldwide have zoomed.
I read late yesterday that Investment Grade credit indices were weak this week as equities have zoomed - why that would be Im not exactly sure but is a situation that does not usually last. Either bonds come back or equities go down. In this world we live in you would have to assume bonds go back up.
One of the best pure feel traders I know says he looks at the markets now and cant get a clue - this is a guy who has been doing this for a long time and has great market feel. Team Obama has really taken the "play" out of the market, unless you buy only high beta gambling vehicles. I apologize to my readers that I have not recognized how important BIDU is to the zen master beta world - this has been a glaring omission on my part - its up a mere 12-13% THIS WEEK.
The markets are relatively flat with the snazdaq looking a little better bid.
later
JB
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