If We Are Up It Must Be Thursday, from James Sogi
With gold $1000, crude $111, wheat $12, EU 1.55, I wonder if Ben's free heli money is doing more harm than good. I'm all up for some free money, especially if part of it falls my way, but it seems like administering amphetamines to the sick. They perk up but their health is worse.
I really get a laugh out of the financial news. "Market down! Things looking bad!" A few hours later after a 3% up move, "Markets up!" They are sooo behind the curve it's funny.
Kim Zussman notices:
The last two Fridays were down, and in 2008 they have been bearish. Here's c-c in SPY:
Before the open is CPI, which despite $110 oil will miraculously print no inflation — and we get another Tuesday.