Cable pinged off an important, and clearly defined Bernoulli channel.
This should drive down ES, and EURO is also following down, which has been the 8000 lb deception chimpanzee in the room--i.e. GBP and Euro have been manipulated opposite each other last week, very odd.
This does seem odd.
ReplyDeleteSeems to fit into the post independence day decline theory as everyone wakes up from their hangovers?
Go dollah! Nothing is going to pop the commodities and stock bubbles like a serious dollar rally, and we're about to embark on one, it looks like. Once the dollar index is back up in the 80s or even low 90s, things will look a lot different.
ReplyDeleteAt least until it crashes and burns again....which also, sadly, seems ultimately inevitable. But we can enjoy it while it lasts.
Fits perfectly, and my numerous puts bought Thurs and Fri ought to be quite tasty tomorrow, hungover or not.
ReplyDeleteMore people will be upset stock market is going down, even though their purchasing power is going up. Odd, very odd.
ReplyDeleteNice site, you added some stuff. Have not been here in a while.
ReplyDeleteThe 58 is a mistake and should read 38.
http://www.screencast.com/users/katzo7/folders/Jing/media/0947311a-b014-43ef-aac7-1f64047c35f3
could be playing out right now.
ReplyDeleteequities receive broader participation and more media coverage. but currencies (and credit markets) are where the institutions play; that's where the power really is found.
ReplyDelete