Gold slightly down or flat... it loves that 930 level.
Dollar ... well messing with the 1.36 level.
Treasuries sold. oil sold...
roughly 4 of tracked asset classes sold.
Let me continue to comment on the high level of emotion/ and lack of .... Lucidity by many participants at this point.
We would like this to get better... and my position that " the guys at AIG deserve to get paid something" and that some of the bile is misplaced and would be better in other directions. But my shift to a more moderate position is Lucidity positive for the market.
Of course I still stick with the idea that Obama used it to start the dialog on Compensation.
Here's a metric: short-selling at highest levels in a year.
ReplyDeletehttp://tinyurl.com/dfjosj
That's a nice bid on the market.
your Bachman post was good.
ReplyDeleteMy next chart is this as a base build move.
Not sure if I mentioned it... but this shape if I wasn't reading sentiment would indicate a "Top"