Be In Awe

The QE3 sniffles have been cured, by a double dosage of money lozenges administered straight down this markets throat.

Like it or not; we are going higher.

Yields on EU debt continue to act favorably. The highest risers today were the safehaven countries. The continents’ red-headed step children have better yields by the day.

That won’t last. But for the moment I don’t care.

Because Ben is dropping another $600 Billion into the economy in the short span of one year.

Why should I worry about there being no buyers tomorrow, when someone is ready to buy the store out today?

Meanwhile, I find myself very long with only a trace cash position just north of 10% – holding AEC, CLP, CCJ, BAS and silver.

In other words, tonight I discover myself home at a reasonable hour; finally having escaped the pile of work that has chained me to my desk for two weeks now. It is only a slight reprieve, however. The eye of the storm is overhead, giving me a lull to prepare for the next deleterious wave.

Having just had a small refection, I will withdraw now to spend the evening with the lady, who I have, sadly, been unattentive to of late.

Good night, friends, and peace for you.

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Major US US Futures Europe Asia Commodities 2yr Euro Yields 10yr Euro Yields Oil
  • DOW 15,307.20 -0.52%
  • NASDAQ 3,463.30 -1.11%
  • S&P 500 1,655.35 -0.83%
  • VIX 13.82 3.37%
  • SPX 500 (CFD) 1,639.10 -0.98%
  • DOW (CFD) 15,197.00 -0.72%
  • NASDAQ 100 2,969.00 -1.00%
  • EURUSD 1.289 0.32%
  • UK 6,707.00 -1.95%
  • GERMANY 8,307.30 -2.62%
  • FRANCE 3,957.80 -2.30%
  • SPAIN 8,297.50 -1.95%
  • H. KONG 22,669.70 -2.54%
  • JAPAN 14,484.00 -7.32%
  • KOREA 1,969.19 -1.24%
  • SHANGHAI 2,275.67 -1.16%
  • NAT GAS 4.20 0.43%
  • GOLD 1,384.80 1.27%
  • SILVER 22.45 -0.06%
  • COPPER 3.30 -2.31%
  • FRANCE 2YR 0.19 -10.90%
  • GERMAN 2YR -0.02 -650.00%
  • ITALIAN 2YR 2.18 27.59%
  • SPAIN 2YR 2.81 8.21%
  • FRANCE 10YR 1.88 -0.69%
  • GERMAN 10YR 1.40 -2.17%
  • ITALIAN 10YR 3.97 1.43%
  • SPAIN 10YR 4.22 1.01%
  • WTI 92.84 -1.53%
  • BRENT 101.32 -1.25%
  • WTI/BRENT 8.48
  • 321 CR SPR 21.96 10.04%