Tuesday, November 10, 2009

Busy and emergency

I dont know if I will be around tomorrow as an emergency came up today and I have to be away possible for the rest of the week. The market rally looks tired but we have been saying that for awhile with no substantial pullbacks. What I am looking at now is the seasonality of the end of year Wall Street bonus game, that will no doubt delay any deep pullback just like last year.
Very difficult to call the equities here as buying in here the risk reward is not that great, though I think we can grind much higher but I am not going to place any bets here. I will wait and see how it pans out. Gold and Oil what great movers. this year is panning out. January we were at 9000 but dived to 6600 now we are standing at 10200, what a crazy ride!