Global Stock Markets At A Turning Point
By Barry Ritholtz - May 20th, 2009, 9:44AM
Stock prices are consolidating after their recent strong rally. So where are they going next?
5/20/2009
Money is like manure. You have to spread it around or it smells. ~J. Paul Getty
Macro Notes
CFTC data, euro net shorts fall 38%Peter Boockvar
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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May 20th, 2009 at 3:28 pm
Suggestion: don’t post anything that concludes: “It will be interesting to see what happens next.”