Oliver talks about the weekly PearlFisher update. Indicators last week prompted hedge position. Minor correction bottom next week. Outlook predicted up market until summer, then down. Last week high volume and  volatility. Friday was 90% day which has high correlation to turnaround. High sentiment numbers will decline in next 2 weeks. Indicators are moving into preferred territory. Bonds exhibiting strength but will decline. Euro/dollar ratio of 1.42/1 is level to watch. Eurozone countries may struggle with budget deficit negotiations this summer. Oil still forecasted for $100 by summer. Oliver likes to review daily, weekly, monthly time frames to form an opinion about the market. Oliver announces that hedge will be taken off, leaving 40% exposure to portfolio. (mp3)

Vince points out that a trader style and an investor style are different. He warns to be careful about mixing the two styles. Most advisors are not directly pulling the levers on their trades. Specialization without communication with other specialists restricts your focus and may miss the “big picture”. In reviewing some portfolios, Vince is seeing products which are not appropriate for them. This decade will be about government debt which will create volatility in the markets. Downgrades are coming. Oliver tosses out wheat as having a good year in 2010. Wheat spikes with inflation on the horizon. Could take several years to take advantage of total rise. Sugar prices are still showing positive supply/demand. Semiconductors are doing well. Banks will need to make new high for market to make new high. (mp3)

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