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Source:
Listening to the Echoes of 1938
MICHAEL SANTOLI
Barron’s MARCH 21, 2009
http://online.barrons.com/article/SB123758871198199971.html
Every day I get up and look through the Forbes list of the richest people in America. If I'm not there, I go to work. ~Robert Orben
According to the CFTC weekly data for the week ended Tuesday, net shorts in the euro fell by 38% from last week's record high and are now at a 6 week low. Net shorts in the pound moved up a touch to just shy of its record high. Net longs in the Australian$ rose to the most since May '08 and net longs in the Canadian$ rose to the highest since Nov '07. Gold new longs fell to a 4 week low. Net longs in crude rose 14% and are just 12k contracts from a record high dating back to...
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March 21st, 2009 at 1:17 pm
Let me see if I can paraphrase: The market could go up. Or, it could go down.
March 21st, 2009 at 9:02 pm
Classic Divergence. I’m buying it cautiously.
March 22nd, 2009 at 11:54 pm
Also worth noting: over the last three months, the Russel 2000 is down by more than the SPX; also true over the last 6 months.