If oil is down, gold is down, durable good are up, and new home sales were construed as good........ the market made a huge reversal with these things in play.... Interesting. Trade what the market gives you, leave your animal spirits at the door. Good Luck!
Having 1 contract on the line will hardly put me in the poor house. As for the indigenous karma. I have done more for them than most people on this site.
Gas at the pump is up nearly 200% since 2005. "Since the beginning of 2005, U.S. retail gasoline prices have been generaly increasing, with the average price of regular gasoline rising from $1.78 per gallon on January 3... http://www.eia.doe.gov/bookshelf/brochures/gasolinepricesprimer/eia1_2005primerM.html
Nice call! (inflation around 4%). Now if it isn't a big deal, then explain what inflation of 4% with GDP at 1.2% and stagnant wage growth means??
His answer will either be "nothing" or nothing because he's only got one thing on his mind....check out the attached pic of him.
Who are you, T Boone Pickens? <i>There are definite do's and don'ts, good buddy, of wearing a bold-striped shirt. A bold-striped shirt calls for solid-colored... or discreetly patterned suits and ties. Yes, always tip the stylist 15 percent. Listen,John, I've gotta go. T. Boone Pickens just walked in. </i>
Daily chart is still very bullish, although reversals occur first in the intraday charts as support levels are take out. 13487 is holding so far.