The Quick Takes Pro blog by Michael Kahn, CMT about anything that might affect your portfolio.
Sunday, March 21, 2010
Just some observations for a Sunday night:
CNN Money reported Dow futures down 100
Futuresource had them down 53
And the dollar is still firm after a strong Thursday and Friday
Which means commodities are weak
Now, I am not funny mentalist but if the bill fails then the dollar should go up and commodities get hurt. And if it passes, then what? Sell the news after buying the rumor? I have no answers and if the markets were open now (yeah, I know they are somewhere but I don't trade Singapore) I would not be trading anything. Too much dust to settle.
This is not a political blog so no comments in that arena, please.