Hitting Bottom?
By Barry Ritholtz - August 22nd, 2009, 2:00PM
In honor of this week’s Jackson Hole meeting:
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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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August 22nd, 2009 at 9:15 pm
WOW! That’s about the best cartoon I can ever recall seeing.
Thanks BR
August 22nd, 2009 at 11:14 pm
We hit bottom… but in 2 sec we are going to hit ground!
August 23rd, 2009 at 12:57 am
The only thing off is that it makes me feel a little bit sorry for the elephant.
August 23rd, 2009 at 2:47 am
They forgot to mention he’s also got the runs.