Monday, August 3, 2009

Pre-Open Update

Well apparently my post on the inverse relationship between the USD and the S&P coming to an end was proved wrong. The European open (3am Eastern) resulted in breaking last weeks lows in the dollar and propelling the S&P up to a high of 13 points or 997 on the sept contract.

Looks like we are still in the midst of commoditizing our market. This is no market for fundamentals people, so consider yourself warned.

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