After a scare on thursday and friday where markets actually displayed a modicum of fear at 10:34 PM this evening we are back to monkeyhammering the dollar and rallying all equities eveywhere. Spuz are up $7 .25 or .67% - so away we go. Tomorrow is the last day of the month so portfolio managers everywhere will be protecting their portfolios - except for the happless bears (right???)
Well we'll see if these gains hold, build or decline over night - my guess is they will fade (no surprise there) I just cant handle how stupid it is to contiue buying US equities and every other equity on earth because the dollar is weakening - its stupid, stupid , stupid.
Be patient bears our day is coming - and its getting sooner - if one emerging market is gonna blow up (Dubai) you can be sure there will be more remember last year how mortgage issues were "contained" - well now 1/4 US mortgages is underwater....so take peoples claims of containment with an enormous grain of salt.
JB
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Good morning to the predictable world of unpredictability. Most likely the largest casino is the solar system. Not mentioned in the offical story of 'Creation' but nevertheless created on the 5th Day before the advent of human beings just to be there for entertainment and frustration when they arrived.
ReplyDeleteHow is that for charting and technical analysis combined with bullshit and metaphysics?
fp
confusing
ReplyDeleteJB