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Warning! Whine alert!
Looking at the action tonight, I must again ask: if the weak dollar was the reason equities exploded higher, how come a muscular dollar is doing jack squat for equity bears? WTF?
Above, the blue line is the EUR, and the black line is the /ES. If things were tracking normally, the /ES would be 100 points lower than it is now. Again: WTF?
It makes me think that when the EUR inevitably bounces, equities will roar higher. Grrrr……….
I saw this marvelous documentary again recently. If you have the same dark tastes that I do, you'll probably love it; it is wrenching and captivating. I heartily recommend it.
In this market, it should come as no surprise that the positions doing best for me are the long ones. One of the nicer patterns is Patriot Coal (symbol PCX). The pickup in volume adds to the case.
