madasiwannabe

Today's Action: Crude Crushes the Dollar; Financials Threaten

I think the mutuals backed out of the financials and went back to commodities again. One only needs to look at the market volumes over the last 2 weeks to see the migration. The rise in oil has nothing to do with reality. The flood of speculators into the NYMEX creates irrational rallies across the board. We only notice the oil though.