The Euro fell 1.27 cents last week, and is 8% off its July 15th high. Gold has fallen to 792.10 an ounce, last Friday, and Silver 10% in drops, its lowest in 9 months.
Other big losers include grains, cattle, cotton, cocoa, coffee and sugar.
Hummer stock must be up, as gas is now 3.60 a gallon.
Inflation hits all time highs, but the FEDS insist inflation is under control, and that interest rates may be able to be held.
Airline stocks are up.
What smells and reads wrong with what you are reading?
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It was fun to watch Monday. After a week of hearing the analysts tell us the end was near, and the market ready for rebound, of course the market tanked over 200 points, and allowed us profits of 25% and higher on the open Sept590P.
The market hit 11,394 in afternoon trading, very close to our Dow projections low. We are projecting one further potential market bottom, less likely. The market is NOT yet ripe for rebound.
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