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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Crimson Ghost who wrote (11507)4/8/2004 4:26:47 PM
From: gregor_us  Read Replies (2) of 110194
 
Veneroso's Comments are Thoughtful. As He Claims to

have been early to the commodity party, and especially oil in 2001-2002, it's likely he is early to exit. But should a trigger come--and he is indeed looking for triggers, rather than an internal event within commodity markets--Veneroso won't look so premature, with his call.

IMO, today's markets had the smell of that stinky bilge-water that begins to smell and fester before a solid change in direction. Probably just a projection of my own ideas--but the Oil Futures I see sucked some players into the stocks, and I don't trust that at all. Oil looks even toppier right here than last week. And on the paper side of things, Yahoo couldn't get a party going either.

Anyone seen the ^MTMS (The Moscow Times Index) lately? That sucker is pushing 10,000 after being below 500 after the Ruble Default. Meanwhile, the ^HSCE (The Hang Seng China Enterprise Index) has bolted for 5000--this, after some mo-mo players really thought anything above 4500 was nuts.

Being in cash has turned me in to a World Class Complainer. I don't know which carries more bias--holding positions, or standing as I am right now on the sidelines...
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