Tuesday, May 5, 2009

Talking contradictions

Dollar is down slightly but is relatively flat.

I am still fascinated with this contradiction we have going. I talked about it yesterday...one one hand we have a stock market that is just defying the basic laws of publicly traded markets, so to speak!

There is no leadership on the NYSE. One sector is doing great, while another is doing horrible. We've gone from a 52 week low to a 52 week high in, like, no time. You have no volume in any of these up days.


BUT:

You have a Dollar that has broken significant support. Don't ever under estimate the power of a trend line. Here's what I wrote the last time the Greenback broke a big trendline.

You also have numbers that are coming out every day that seem to be suggesting the worst is over...hmm...we'll have to see about that.

The worst may be over but if there is bad news...The FED wants us to know what they want us to know...if you get my drift. I don't trust no one...(sic)

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