Wednesday, May 23, 2012

A Face Ripper

Something smelled funny when the euro kept trading weaker but stocks wouldn't go lower.  Too many shorts piling in ahead of the EU summit hoping for a sell the news, but the sell news happened before the event!  HFT and algos have speeded up this market such that you have to try to anticipate the anticipators.  Still bearish, but the bottom is coming soon, but it won't be a V bottom, should be a U bottom. 

1 comment:

Anonymous said...

Should be down tomorrow.