Tuesday, February 23, 2010

Calm Before the Storm

Is it just me or does it feel a bit like the calm before the storm? Markets could be tracing out a double top pattern, it seems half the prognosticators are predicting a continued recovery while the others are saying that the Euro-zone will drag us all down. I'm in the bearish camp for now until I see sustained evidence to the contrary.

As usual, Don Coxe proves entertaining as this month he coins the phrase "the multitudinous tiers of Brussels Snouts", in reference to the European bureaucrats. Well said.

Still working on my new prop trading model. Likely to be quiet here in the coming days/weeks.

Over and out.

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