What a way to close the week.
We are down 36 points at the time of this writing. We close below 1860, and I would begin to look for the possibility of another prolonged downturn.
There is literally nothing I find interesting about the markets this afternoon, other than some short term trades. We’ve booked a few dividends as well as a partial profit on my GBP/JPY short position. Still short AUD/CAD, and we’re letting that one run lower. At least for now. I’m struggling with this NZD/CAD long. Think about those positions for a minute. Yes … I really think that Australia is imploding in on itself.
But overall, my thoughts are ….
This market was not hit by the ugly tree.
This market is the ugly tree.