Archive - Oct 10, 2015

Presented with no comment...

My favorite sector to short  is (once again) energy, as giants like Exxon are exhibiting topping patterns that strike me as once-a-generation opportunities.

250,000 Germans marched in Berlin today in protest against the planned "free trade" deal between Europe and the United States which they say is anti-democratic and will lower food safety, labor and environmental standards.  "This is the biggest protest that this country has seen for many, many years," Christoph Bautz, director of citizens' movement Campact told protesters in a speech.

Gains in the foreign currencies appears to be mostly short-covering rather than bottom-picking per se.  In bigger picture the dollar is consolidating its earlier gains.

Earlier today, around 10am local time, Turkey’s capital Ankara, was rocked by two blasts which according to NBC killed over 52 demonstrators, who had gathered for a peace march, as the country grapples with mounting security threats just three weeks before snap elections. The explosions also wounded more than 120 people, the Turkish Interior Ministry said. The cause of the blasts was unclear, the ministry said, adding that it had launched an investigation.