Every Day Is Exactly The Same
Korea is a awesome – like last time, just a lot colder. Still – I don’t think I could have picked a better time to skip town.
This market continues to be simply mind numbing and it’s really good to take a week off. Even if I was around I’d be simply repeating what I have been saying for the past few weeks: Nothing good (or bad) will happen ahead of the midterm election and especially while the G20 meeting is kicking into high gear. Perhaps once some kind of compromise addressing the current pursuit of mutually assured currency destruction has been found and the Dollar is allowed to paint a floor – perhaps then we’ll see a correction in equities. And even then I’m not sure the bears can pull it off ahead of January – this may sound very ‘non technical’ for someone claiming to blog about technical analysis but I just don’t sense any real mojo here. In either direction I may add – we continue to be stuck in limbo land with a slow spin to the upside.
BTW, my hotel room is a vertiable shoe box – I basically have to walk to my bed sideways. Not due to a lack of funds – mind you – but there are literally no decent rooms available in Seoul due to the G20 convention. Fortunately I am not spending too much time in my hotel room 😉