Tuesday 11 November 2014

12pm update - Ambitious Rosetta

Whilst equities continue to see minor chop... there is far more interesting action going on... off world. The ESA 'Rosetta' is set to land the first ever probe on comet 67P/Churyumov-Gerasimenko - around 2pm EST.


Meanwhile... the market itself continues headed for the proverbial moon...

Nasdaq Comp', monthly, 20yr


Summary

The bubble high of March'2000.. @ 5132... looks on track for next spring... and then what? 7k, 10k.. before it all blows up when the next crisis hits?

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Notable strength: miners, GDX +4% or so... but holding well within a broader down trend. Miners will remain wholly dependent on metal prices, which themselves remain broadly weak.
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VIX update from Mr T.

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Regardless... for the rest of today... I'm more interested in off world events...



FULL coverage, see: Rosetta @ livestream.com

==
back around 3pm
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1.33pm.. SHORT GDX from 18.35...

*yes, I'm refraining from meddling in the indexes, but I am open to minor 'other stuff'.