29 December 2009

SP 500 March Futures Daily Chart

Starting to paddle a bit...slow rolling into the year end looking for some cool buds and a tasty wave.

This could get nasty, 'cause the VIX is driving on 'ludes.

Eric Sprott thinks the SP500 will retest the lows as the economic recovery does not materialize in the US.

I will keep an open mind about this forecast, but act slowly having been surprised in the past by the Fed's ability to throw caution to the wind and levitate the stock market from 2003 through 2007, while inflating an enormous housing bubble as a side effect.

Will there be a new asset bubble and carry trade? It is possible.

Nasdaq 100 March Futures