Posted in: forex-and-indices
RE: DAX 3030 Oct 2009 18:07
Just a quick point. I follow Spain, Germany, France, UK, and US indexes.
Obviously the FTSE follows Wall Street the most closely. Over the past few months it has been – relatively – far too resilient considering the underlying economic malaise [because of QE & silly-billy low interest rates].
As you know I’m also an uber-bear, but I’ve been banking profits too quickly – because of the “silly summer,” – make up gains, again, on the short side.
However, I think things may be on a cusp. Spain [and the UK] have been too bullish relatively – but look at Spain tonight [cf. Spain and Germany]. I held one last short there, whilst closing all the rest, prematurely [for the reasons above]
All I’m pointing out is that there may be subtle changes afoot.
PS I need to “get more bullish in my bearishness” again, but I’m still a little worried about a continued “false flush” if the UK extends QE ATB