Wednesday, November 01, 2006

A Very Healthy Market

Today's sell-off comes one day after the end of the fiscal year for mutual funds, maybe not a coincident. The selling of GS and TTM turned out to have been done at a remarkable good time. GS was down over 2% today and TTM has been down big since I closed out the position. Continued to scale back in Nordnet today as the stock showed some strength.

Crude and Silver are strong here. Crude was up big at one time today after the inventory data.

Tomorrow I might add a new position in Stockholm, a certain urgency is related to arbitrage issues.

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