Damir Tokic's  Instablog

Damir Tokic
Send Message
Dr. Damir Tokic is owner of Macrotheme Capital Management LLC, a Commodity Trading Advisor. He is also a professor of finance at ESC Rennes.
My company:
Macrotheme Capital Management LLC
  • Profit taking, deeper correction or complete reversal? 0 comments
    Oct 15, 2010 2:40 PM | about stocks: GLD, FXE, SPY

    Last Friday I had all green on my screen, and I mentioned that either interest rates will have to rise for the stock market rally to continue, or the stock market will drop. This Friday, I have all red on my screen. 10YTNote futures are down, the stock market is down, the Euro is down, the Yen is down, crude is down and gold is down. Right now I treat this as profit taking. We could see a deeper correction in the stock market, but I don't see the reversal in the gold prices. The "Liquidity lifting all boats" theme is still alive. On the other hand, all bets are off for the Euro - it's the doomed currency, but the World just won't accept that yet.  

    Disclosure: no positions

    Stocks: GLD, FXE, SPY
Back To Damir Tokic's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.