Random thought watching the overnight action. Just a thought, not a solid claim and certainly not advice.
Around the world, many countries and markets are heading south - for a variety of reasons. THE USA in recent weeks has been heading north based on slim volumes which suggests the big end may not be playing the game as much as we think.
In the meantime, with the level of insecurity, it seems like the mighty US$ is the bell ringer of trust. I hear Argentina are coming back into the fold after the socialist government got the boot. They will need US$'s to trade with again if they have not already bought a small box full.
As we know, despite most of the 93 not so magnificent stocks on the QQQ losing money it moves up fro reasons we all know.
The Russell , often considered to be a leading indicator, IMHO is all over the shop like a gal with a purse full of dollars in a dress shop but only allowed one dress.
Just some thoughts.
RED Price at posting:
36.5¢ Sentiment: Buy Disclosure: Held
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