Thursday, October 8, 2009

Mornin

We wake up to see the bulls pounding their chests..the zen master beta quartet are rocking pre market. The dollar is lower yet again, crude up, gold up, equities up, the merry go round continues.
I love that JPM has taken its building off the market b/c all of the bids were to low and their equity analysts are all bullish on the REITS - that is some good stuff.
The snasdaq is now at the 62% retracement from the lows - theoretically significant resistance - but in this market that means nothing.

Good luck today

JB

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