Oct 29, 2004


I can almost here frat boys chanting "Frank the tank! Frank the tank" as I watch HAL (Haliburton) trade today. Clearly, my morning thoughts were a bit out of synch with the market.

The oddest thing here is that while the dollar has been willing to give up its gains from Tuesday, stocks have been well bid. Not sure I get it with the overhead resistance, sharp nature of the move, and of course looming election. Why buy vols but hold your stocks? Mine is not to question why I suppose.

I am still looking for a dollar rally and some metal weakness post election. Should stocks be down substantially on Monday I will make some selective purchases.

No comments:

Post a Comment