Monday, October 25, 2010

Nothing Wrong

I don't want to read too much into one day, but the two most likely things are 1) The market has another up day tomorrow and tops out by Wednesday or 2) We keep going up slowly into Friday.  A big pullback usually doesn't come right away after days like Friday and Monday.  The bulls are doing nothing wrong. 

1 comment:

Anonymous said...

s&p's are an arbitrage of the euro/$ since september. i wouldn't say the s&p bulls are doing no wrong, i'd say fx traders have been successfuly short the dollar.