Market bottoms and tops are made with lots and lots of volatility at least thats why my partner has told me. Id say up 200 yesterday and down 200 today means that we have seen the highs for the year. IPOs are being withdrawn which is a terrible sign, AEI last night was withdrawn.
This action is suiting my positions just fine. George Soros if I read correctly was talking up the dollar this morning, that is another way of him saying rally over. Soros knows a think or two about currencies - think brittish pound. Oh well, cant imagine the bulls will be able to rally the troops on a friday such as this - but hey you never really know.
To all you trick or treaters out there - Happy Halloween.
JB
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