This entry was posted on Tuesday, February 2nd, 2010 at 9:14 pm and is filed under General, Forex Trading, Commodities & Options. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.
Oliver checks in to update us on the market. Bond market oliver discusses AAII survey of where investors are putting their money. Survey show 24% of portfolio in bonds. This is a 20 year high. Very high exposure could be problems in next few years. ISM report rose from 61.5 to 70. Therefore deflation at bay till the summer. Commodities are spiking in reaction to inflation fears. Oliver reviews his forecast from yesterday for wheat and sugar. Today might mark the turnaround for these areas. Oil has crossed key resistance at 77. Seasonal low in February with rise to $100. Gold in euro terms nothing happened. If breakout in euro terms, will cause dollar weakness. Vince mentions that inverse relation with the market is not holding. Oliver points out that major driver for gold is negative real interest rates. (mp3)
Vince talks about the PT Barnum award. Oliver got the chance to watch Jim Cramer. He had to be reminded that is entertainment. Maybe Cramer is reaching people who would not normally listen to finance news. Oliver updates on equities. Watch out for 90% up volume day. Would be bullish for next few months. Employment data may delay the rally. Japan’s problems with bonds is highlighted and discussed in the context of too big to fail. Vince discusses what the best time of day to be trading. Vince discusses people who didn’t shift out of Lehman. Why take the risk? (mp3)
May have a winner on the ticket.
