It is cold here today and raining thick heavy drops that are going to change to snow. Of course this means I am in a great mood as long time readers know my longstanding hatred of the wintertime. We did get our Christmas tree today and that at least is a bit of fun. I tinkered with the blogroll to better refelct my daily reads. Please check them out.
Do They Ring a Bell?
My only serious thought for tonight concerns the current accepted thinking on the markets. They say they never "ring a bell" at the bottom, but should some things come to pass Friday will be looked upon as a close approximation of a bell being rung!
From what I can gather, here are the new rules going forward. These are all going to be very crowded trades in short order and it seems everyone just knows these things are coming. Sometimes the herd is right, other times.....
-Stronger Dollar (not many giving ranges, but I would throw out "stronger" has to be 10-20% higher from here)
-Lower Gold and Silver (maybe not $0, but at least 50% off from here)
-FED Raising Rates (unreal I know, but a spring rate hike is all the talk yet again)
-Higher mortgage rates will not hurt the housing recovery (head scratcher here, huh?)
-Job Creation Sustained into 2010 (Ok if you say so)
-Stock market which was pumped up on a weaker dollar goes up on a stronger dollar, well, because it will.
So you have been warned. Positions should be easy to figure out. Have at it.
I have seen quite a few good films as of late and now I have the "Film Bug" where I am thinking of movies quite a bit. I am going to post a bunch of movie posters this evening, hope you enjoy.
Recent Hall of Fame Films
Some new classics, so if you have not seen them, you should!
A collection of posters of various films.
Have a good night.