Tuesday 25 November 2014

3pm update - just another day for the bulls

With new historic highs already achieved this morning, it has been just another day for the equity bull maniacs. Even a retrace to the sp'2000 threshold looks increasingly unlikely until Jan/Feb... before renewed 'hyper ramp'.


sp'daily5


Summary

*Oil remains very weak, -2.4%, Oil futures now in the $73s,.




Copper is similarly weak, -5 cents.. around $2.95. a deflationary target would be 2.30/20s by the spring.
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Its cold, and with the next 'warm sunny day' at least 5 months away.. I am not in the best of moods.   

...as ever though...I welcome all messages.
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Notable weakness, DRYS, -2.7% @ $1.46.. I'll detail more on that shipper on my 'fair value' page after the close.

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back at the close.