It’s back to business as usual as we try to figure out the markets direction. The rally has been nice but I believe the bloom will be falling off the rose shortly.
We have unemployment figures on Friday, and that truly is the only number I care about. We all know the economy is challenged but the trickle down to the consumer is key. Banks are flush but won’t lend even if your credit score looks like a very good SAT score and corporations haven’t even started to feel the real heat. I’m still looking for new lows in the market in coming weeks and months. Because I’m stubborn? No. it’s just what I see. See you on twitter.
Long FXP and SMN from last night. Quarter positions established.