Ever think the market is even more confused than you are? Well, check out these two headlines on Yahoo! finance. One says that the market "looked past an unexpected rise in retail sales" and the headline right below it says "Retail Sales Slow." So which is it dumbasses?
Meanwhile, the oil sector continues to get hammered because of what I perceive as an "International Lovefest" since Israel isn't blowing up Hezbollah to Kingdom Come, and Iran is supposedly "playing nice," and Nigeria only had 3 kidnappings this week instead of 4. Meanwhile, there are still hurricanes forming in the Atlantic; Iran, Venezuela, and Nigeria are still hotspots and unstable, and China and India are making cars that I assume the 2 BILLION people that live there (okay, maybe only 400,000,000 will actually drive them) will buy and fuel, the oil "finding" in the Gulf is still years away from being tapped into, and is in the same place that hurricanes love to roam. So what is it? Is the "terror premium" all of a sudden irrelevent because the World is fairly quiet? Look out if we get a very cold winter and a hurricane makes its way into the Gulf (remember, Hurricane season ends in NOV).
I will be very happy once tomorrow is over, the "Witch" will be dead and hopefully we can resume some normalcy.
Happy trading!
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