Trey, hang in there...
Mighty suspicious behavior this afternoon across indices. I kept an eye on PREM [sorry ratan, I can't resist], watching it dip to 250... while spot/cash hardly waivered. Some of the futures gurus can correlate and lend an explanation, if you please.
Now we wait for the German central bank to budge, while eagerly anticipating the next FOMC cut. Meanwhile, someone will tout a Brazil phoenix package, amid a chorus of strategic stock-buybacks for the faithful color-by-numbers crowd. No way the market will crash before year-end... Santa's too powerful with too many friends, so they'll dump it off on a lesser holiday mascot.
As for Insana: he and Bill G are the most tenured anchors on the show. The miracles of taxidermy will preserve these guys for years... imagine Ron propped in a corner -- sporting half-mast fedora and broken cigarette -- while Kernan pulls cheap ventriloquist stunts... By then, Maria Barto will own GE, Jimmy Rodgers will wear neckties and Fleckenstein will finally be correct.
As usual, Globex figures are down this PM in preparation for the ritual meteoric rise before tomorrow's opening. By popular demand, the exchange is being renamed "Jason."
Enjoy the evening,
Alan |
