Profunds index and sector trading

[Gizmo]

Tuesday FOMC is going to set the stage for awhile, alot of positions are going to need unwinding.

I'm positioned for .25 hike and no change in bias.

I think gold is reacting to the government rebuilding NO with no way to pay for it other than printing dollars. The dollar has rallied too...not confirming the move in gold and setting its self up for continued rate hikes.

The stock market hasn't priced in tax hikes or inflationary printing of money to pay for Katrina. But somebody has to pay.....

No way can the temporary tax reductions enacted as stimulus by the administration in 2001-2002 be made permanent.

The squeeze is on and consumer spending is suffering. healthcare, energy, and higher interest rates.