Thursday, October 6, 2011

Tone Changing Again

The market has moved so fast in the last 2 days, and the ECB left rates unchanged; the market tone seems to have changed...  so I'm going to take profits and take a step back.  We may go a little higher here, but we're likely to see another leg down (unless tomorrow's NFP numbers come better than expected).
Closed long at 1135.  Gain of 20%.  Not bad...

Update to PSFI Index:  I'm not able to use Excel to update the index, but it should read 192%.

And another thing:  To JCT: what good is low inflation if the Euro economies decline and therefore wreck the budget-balancing plans?  Primary mandate or no, I don't get it...why have a human making robotic decisions?  If you want robotic decisions made, have a computer decide.  Ridiculous.

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