They flipped it at the 13280 bottom. Now at 13355. The fast rise should end at this point. Any further rise for this evening would be measured or involved retreats first. The bulls made +75 pips in three hours. Quick juicy profits with no drawdown.
This is the risk I've been watching: China may raise interest rates this weekend With the US in an effective, if forced, currency union with China, when they tighten, the dollar rises, bonds rise, gold falls, and stocks fall.
Futures surging yet again, this is probably on the news of extending both the tax cuts and unemployment benefits. Risk free money continues!!!! Gap up at thd open and trade higher the entire day. S&P FUT 1232.8 _ 10.7 +0.88% DOW FUT 11439.0 _ 86.0 +0.76% NAS FUT 2206.75 _ 16.25 +0.74% OIL 89.48 _ 0.1 +0.11%
Oil breaks $90 a barrel!!!!! *OIL 90.11__ +0.73 __+0.82% No inflation!!!! Hahahahahahahahahahahahahahahaha Getting ready for $3.50 by end of December on regular gas. $4.00 1st quarter 2011!!!!!!!! Bubble ben says what inflation?????
Can't even keep up with how quick it's surging in just minutes *OIL __90.34__ +0.96 __+1.07% Unfuckingbelievable!!!!
Buy at the open because this market is not going to dip at all today, it will straight up from the open into the close without the slightest pullback. S&P FUT 1234.7 12.6 +1.03% DOW FUT 11440.0 87.0 +0.77% NAS FUT 2216.25 25.75 +1.18% OIL 90.55 1.17 +1.31%
These are the inflation numbers I see. http://data.bls.gov/PDQ/servlet/Sur...rs&series_id=CUUR0000SA0&output_view=pct_1mth I don't see anything in wikileaks that say that the numbers are off by 5%. Oil is not everything. Even if the government is fudging the numbers, we are far far away from 1970s inflation. You might be right in the long run, but as a trader, you sell when the inflation numbers start to become a problem rather than forecasting the world 10 years from now.