The Morning Morsel

People sometimes inquire what form of government is most suitable for an artist to live under. To this question there is only one answer. The form of government that is most suitable to the artist is no government at all. -Oscar Wilde

Los Angeles had an earthquake, Guam has not sunk yet and the market breaks 1180. I don’t check volume anymore, it doesn’t matter. The Fed didn’t hike the discount rate and the Dow kisses 11.000. Oil is popping and commodities of all types are rocking.

The conversation about the “top” continues-1200-1250? I haven’t the foggiest. The beauty of momentum trading.

Tuesday, April 06, 2010

10:00 Mexico March Consumer Confidence
13:00 US Treasury to auction $40B in 3-yr notes
14:00 FOMC Minutes
16:30 API Crude Oil/Gasoline/Distillate Inventories
13:00 Fed’s Kocherlakota speaks in Minnesota. 07:45 ICSC/UBSW Chain Store Sales. 08:55 Redbook Retail Sales. ABC Consumer Confidence.
None Seen
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