Welcome to the Vitus Capital Blog!
Notes to myself, possibly of interest to others.
-- Bill Northlich

Monday, November 28, 2011

Not so fast

Without attribution, trader sentiment today is that this rally is an oversold bounce v. a result of solid news out of the EU.  The EU announcement relies on the IMF supplying massive funding, which in turn relies on the US congress.  So that plan is DOA according to most.

The higher than expected black Friday numbers - 6% yoy gain - are the result of promotion v. actual sustained demand.

Vitus is just the messenger...

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