Market Look

Futures down this morning but not much. A few notes: GOLD/SILVER look like they have found support off the recent pullback. Would love to see some time put in at or near these levels. BONDS bottomed recently after some corrective work. Lower yields on the long end have not been received well by the market…so…

U.S. ECB JAPAN ENGLAND DENMARK AUSTRALIA RUSSIA BRAZIL INDIA CHINA HONG KONG THAILAND MEXICO PHILIPPINES TURKEY SOUTH AFRICA INDONESIA KOREA All are easing…with a bunch with negative rates. Not only do we have full employment but we are NOT in recession yet we are still easing and amazingly, “MAY RESUME ORGANIC BALANCE SHEET GROWTH EARLIER…

Futures down a wee bit. Considering FDX down $19 and ADBE down $9…that’s not bad. Blah blah blah the fed today. Blah blah blah easier money…blah blah blah. The OIL gap on Saudi news quickly unwinds.

The big story is oil prices and what to do. We freely admit that we dont know. The news is fluid. Normally, we would tell you this move will be fleeting but if the Saudis come back and state it will take a long time to get back on line, that would be less than…