It seems the broad markets are at a critical fork in the road. we have a weak buck, strong yen, very crappy earnings season coming in a few weeks, which will be blamed on the strong yen, strong oil, but still, earnings look kind of weak, so no matter what the street says, you can't polish a turd.
Gold is up today, overseas holders of T-bills have been dumping them to buy stocks, thus driving up US interest rates.
Like I said 2-3 weeks ago, I was looking for entry points to go short the dow, qqq, etc, and I found them, now look at the markets just fall apart, yet some of our long picks do well. EBAY up 6, as the inets make a bounce. DWTI up again, a btb play. |
