John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (18117)	4/12/2016 11:26:15 AM
From: robert b furman	Read Replies (1) of 33421

Hi John, Like seeing crude in the 40's. Also noticed big hedge funds have exited the strong Dollar play. Wondering if imminent dollar weakness is driving oil (and other commodities) higher into summer demand period. That combined with low vix and yesterday's CBOE put call ratio (both of which I track daily) at .87 with most people scared of a decline into the summer - is in my way of thinking a very bullish event. With commodity prices stabilizing High yield should calm down. With most people out of the market - we should go higher through the summer. The old sell in May and go away may just be terrible advice. The market can only go up really high when most of the people are out of the market - we need them to buy at the top. Bob

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