Europe wants to destroy the Euro Bernanke style....print print print. The global race to the bottom for currency has begun as sovereign entities are insolvent and massive printing of dollars and euros is the only way out. We saw last week what kind of havoc a small country like Greece could cause just wait till its Spain or for that matter California. For once last week my bearish convictions were proven to not just be fantastical ideas. We saw a tremendous panic last thursday but in all reality after the rally the market has had all year, grinding higher, mauling bears it was due and Im quite sure we will test the 200 day MA around 1090 and soon enough trade below it.
I have been amazingly busy the last few weeks and thus have not been able to blog - last week was the stuff dreams are made of for me. My fund is doing quite well and Im hopeful we are getting back to more normal volatility.
More soon
JB
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Hey JB take your beanie off and get back in the trading ring....you have been missing your wet dream!
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