We all know the US is in serious trouble everyone is saying, that Ben made a boo boo with a cut in rates. But the market still hasn't digested it properly. I still can't get over the fact that the XJO has rallied in a vertical pattern from its lows last month.
I don't mean to state the obvious but:
Our market has put on the same quantity of points in a month compared with, the decent rally from 1/3/2007 to 2/7/2007 (approx 4 months). The run up before that took approx 5 months to make a similar gain.
I can't call tops AT ALL but based on the current rally and the state of the global market, i can no longer see value in waiting to see what happens next. I'm too scared to stay short and too scared to be long. I know i'm not alone with this view......
us dollar collapse and commodity hyperinflatio, page-2
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