This is what I love about the markets, I’m on one side and you are on the other. That’s what makes a market! :)

http://www.cnbc.com/id/25689691

Sure he long airlines and that is helping, but he is short financial and that is hurting! You know the fannies are up like 50%…

That’s why you have to get a feeling when the market turns and why I suspected we would have these vicious upticks since the market was massively shorted…

The fact that the Euro is not at 1.50 goes back to an argument that I have said previously in that the reason why the USD is down is not entirely due to a weak USD. It is due to a diversification in the currencies. People I feel all too often think that there must be ONE, one currency one company one thing. I personally feel the reality is that the USD is a currency that will be part of a basket.

What has me wondering is why oil dropped yesterday. I am guessing insider information and wanting to get out before the crowd.

While we might not be out of the woods I wonder if we are about to witness a massive short covering rally. Remember the market has a massive amount of shorts on it. For example GRMN sky rocketed today, and it has about 5 days of short covering on it. This could get very interesting indeed….

BTW the reason why I feel Jim Rogers is a crack pot is because he sees things black and white and is so sure of himself. He does not question himself and that is a problem. I have quite a bit of respect for Boone Pickens. He is a man who has completely switched tack. Used to be oil man number 1, now is alternative energy man number 1!

Boone probably got out just at the peak is now putting that money to work with windmills and solar parks. And he will make a killing!

I am not saying we are out of the woods, but with oil dropping, and the market going up we might have turned the corner!

Now with him being right on the money, sure, but when I look at my blog I have been right quite a bit as well. Though what I have learned is that sometimes you need to back off certain things that you say. You need to switch tack and think in other dimensions.

http://www.cnbc.com/id/23588079/

“No country in the world has ever succeeded by debasing its currency,” he said. “That’s what this man is trying to do. He’s trying to debase the currency as a way to revive America. It has never worked in the long term or the medium term.”

That is actually quite wrong. If you take a look at the various currencies throughout history countries do quite well with this. What you don’t want to do is collapse the currency. For example, Canada did well because it debased its currency. Though now it is a relatively strong currency.Though what scares the bezeers out of me with the Canadian currency is that the Canadian industrial base has collapsed. It is a pure commodities play and that is bad.

Then take a look at the UK, or Germany they used the currency to increase their exportability. Likewise with Japan they debase their currency to increase exports. Japan has a weak dollar policy plain flat and simple.

This is why this notion of a “strong” currency is not a good thing for America. As I have said many times in my blog a weak currency will be good for America’s industrial base and average Americans.

As much as it hurts my portfolio I actually don’t mind that the US currency is weak and has a 1 to 1 relationship with CDN, CHF, etc.