1. Breaking Down
Central Fund of Canada now trading at a discount to NAV
2. Breaking up
Dollar weighted SPX tentatively peeking up through falling trendline
Latest move on USD vs Oil has retraced more than 50% of previous fall
In context of JPM breaking down, Banking Index breaking up relative to Industrials is very confusing.
What to make of all this?
No sensible idea
Brian Bloom
Australia, May 19th, 2005