rw,
I like ZH. I don't always agree with everything he posts, and like everyone, he will talk a bit of his book, but there is good quality information there.
Ten year hit GS's target of 2.88 today. I missed my fill on TBT. Too bad, as my target was not far from the LOD. Have to double check my math on that one.
Don't know if you noticed the range on a number of the bear ETFs.
We are due for a bounce, but all rallies will be sold.
My biggest concern was that the Euro did take 1.25 That should not have happened, based on the unresolved situation in Euroland. Currencies, as I've said a million times, should not move like this. Our entire market is just one trade really. Ben does not like a market situation, then force the currency to move, excessively. When I was an exporter, this was very difficult to manage and created huge amounts of work for all involved. I have two guesses on the Euro/Dollar move.
A. Something much worse is coming for Euroland and they need a buffer.
B. The US is going to have their way and get a weak currency and all that is <supposed> to follow, like a market rally and improved exports. Both of those wishes are meaningless if we have true deflation, which is looking highly probable.
GT
TH |
