Monthly Archive: July 2009

The bears capitulate 28

The bears capitulate

I usually am not so sure about things, but the markets are looking very stretched at the moment. Sentiment among bears is of capitulation. Everywhere I go on the blogosphere, I see posts and...

Reflation fade vindicated 30

Reflation fade vindicated

Today’s action (equity and commodity sell-offs through key levels, major bond and dollar rallies) confirms once again that the dollar is still king and that deflation is the name of the game. The action...