The USD declined nicely, along expected lines. I expect this move to continue, however I think that EUR will begin to underperform GBP, NZD and other, somewhat riskier currencies.
Thursday, 11 December 2008
Early stages of a bull run in Equities
So far, equity markets are trading along expected lines, with DJI futures hitting the 8500 level and SP500 futures declining past the 875 level. I am still looking at this market from a bullish point of view, however I am somewhat worried that the market is taking so long (in time) to correct. On the other (bullish) hand, the VIX is flat on the day... In short, I would recommend small longs with tight stops.
The USD declined nicely, along expected lines. I expect this move to continue, however I think that EUR will begin to underperform GBP, NZD and other, somewhat riskier currencies.
The USD declined nicely, along expected lines. I expect this move to continue, however I think that EUR will begin to underperform GBP, NZD and other, somewhat riskier currencies.
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