Thursday, June 05, 2008

Look for a motive

Today was ... been positioned short, today was NOT a good day for me, not a little tiny bit. Now that been said...

Today was as weird as it gets
Volume - low...
Lagging industries - not many if any...
Dollar - indecisive
Oil - insane
Technically there was NO technical breakout...
Technically...that was as hysterical as it gets - has everyone gone mad at the same time?

May be it is just me? I was curious and watched a lot of financial TV tonight and I saw faces of seasoned traders with eyebrows raised in disbelief...none understands what was going on, "short covering" - all anybody could say...

What fueled it? Forget reports, market tanked after reports...

Why?

The only explanation I have is based on "who has a motive?", "who is benefiting?"
It has got nothing to do with "conspiracy theory", not to worry.

If dollar will strengthen - who will lose? Oil producers ( companies and countries, especially "countries")
If dollar will strengthen - who will loose? Those who is buying America right now just like Japan was buying back in 70ties

I think what we saw today was "last chance to buy cheap", to buy equities, oil, commodities - EVERYTHING on sale for not much longer.


Crazy? May be.
I'd like to see what went into Saudi's of the world accounts today. I would love to know...

0 comments: