The bulls are untouchable, Dubai, Sovereign CDS's, Moodys downgrading Greece and various US states, worse than expected jobless claims, bad treasury auctions - nothing matters - stocks (or at least stock futures) are where its at. The SPUZ were once again permabid they looked like they were gonna flush in the last halfhour but amazingly a stabalizing bid showed up - how does that happen? Gee I wonder.
I dont want to be bearish I really dont but I dont know how else to interpret what I am seeing and reading. If anyone outthere can offer up a good reason to be long and what it is you would be long please shoot a comment my way.
JB
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