Tis the season. Good time for some major breakouts. Money flow has been strong going through October rates are high enough to keep foreign buyers looking for relative bargains. The Fed is pumping money into the economy to fund disaster rebuild and hedge funds have bought puts well into January 06 to protect against any downside. Large Caps have been outperforming for the past 2 months even though there was the October downside.
It stopped me out of the USPIX for a loss, and put me into looking for individual stocks for the next couple months. We should see another ramp up into the end of December. Everyone is expecting a January slide again. Will that be 3 for 3?
Oil completely buckled. No bid support. I guess they really jammed up Jim Rogers in the Refco fall out. Can't run Oil to $80 if your trading assets are frozen. Rogers is now a liability for his clients and I assume that some of his clients have already adjusted their portfolios away from him... at least for the time being.