Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Monday, June 29, 2009

Santelli has some serious confirmation bias

So he says the dollar is weak... and that is why they are buying oil...

and yet, it's not as weak as it was on friday.

Treasuries are strong.

and we have.. Normal Bond/stock correlation this morning.

volume is stronger than friday.

but it is of Slight notice that oil can go up on the slightest of sentiment... but since i don't track it..

maybe it's weaker than friday.... which would mean.... it's in a downtrend since thursday..

but they seem to be buying oil and coal at this point

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