Friday, June 10, 2011

Finnie comeback?

8:20 am (Hawaii) No trading for me today (so far), but couldn't help noticing how FAZ got blindsided on no news. FAZ was at today's high (52.25 or so), slightly lower at 52.17 when it crashed at 1:59 Eastern. It keeps falling, now at 50.30. My TV is off, I'm watching videos on YouTube and generally enjoying some quiet time before work.

There's no financial comeback. Won't be one for ages, albeit temporary runs when the Fed and other powers print more fiat currency. I don't see any news to the upside for global economies, so this looks more like pure profit-taking than anything. Those machines are rather fast. Careful out there.

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