orca

10 Contrarian Reasons for a Bottom

Let me add a foreign perspective. EUR/USD is rallying over 2% today, last Friday appr the same, with corresponding move in crude. USD down is a recipe for blowout, ie buying funny stocks at funny prices with funny money. There is an almost scary relation between EUR/USD bbp moves and the DOW, at this moment (15:35 GMT) 283bbp/280. Therefore I agree, for different reasons, with Mr. Hui. Fundamentally the picture is broken but in the coming 2 weeks we deserve a nice rally at the taxpayers expense.