Emini Trading Update – Thursday 28 Apr 2011 (9:50)
Sorry the video is out late today – trading into the wee hours. But some important things going on.
No one is talking about the rally in Bonds. I thought if Equities were making new highs and the Dollar was selling off then Bonds should be selling off too. That’s how the “Risk On” trade is supposed to work.
But no – Bonds are rallying. Hmm – they say the smart money trades Bonds and the dummies trade Equities. Not so sure about that – buying Greek bonds a couple of years ago doesn’t look like such a smart move now. But I digress …
Bonds ARE rallying. And then there is hysteria in the Silver and Gold markets, gas prices, Dollar, debt, austerity, (forged) birth certificates, royal weddings … Stop, stop – my head is spinning. And I’m still lying awake at night worrying about Fukushima.
Come on Friday – just get here already and put me out of my misery. I’m down for the week and need a solid trend move. Please, please don’t give me a low volume congestion day tomorrow – with everyone watching the wedding.
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