- "It appeared those critics were the focus of Obama’s speech, as he said, “If nothing is done this recession could linger for years. The unemployment rate could reach double digits.” (source:http://www.freep.com/article/20090108/NEWS15/90108054)
- Some cyclical work we do shows MAJOR infliction point for todays Friday...
Hence we suggest extreme caution into this market today - and we will not be surprised that the worst is confirmed - if wrong.....then it egg on my face..
We are:
Short EURUSD, short S&P, short Stoxx50, long bunds, long USD p jpy c.......short Gold.
Steen
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