Archive for March 2011

Two America’s

This week of reports will be headlined by the employment report on Friday.  Today’s ADP preview was in line with tepid estimates.  It must be kept in mind that governments are continuing their layoffs so the actual employment number will no…Continue Reading →

The Long Bernanke QE2 Tail

Since September 1, 2010 the market has operated on the premise that it knows a secret and nothing can blunt the QE2 push.  You are seeing the endgame now.  Yesterdays gold action was typical, push up, struggle, drop.  Other markets…Continue Reading →

Nothing New Today

We are an hour into the trading session and the main action is a test of the highs of trading ranges for stocks and commodities, places where we are sellers.  The Dollar index is inching down to the 75.14 first…Continue Reading →