Thursday, December 03, 2009

Long one unit at 1110.00

1 comment:

Urban Carmel said...

Carl

Any elaboration you have on the IISS bull/bear survey would be helpful Your model is based on being a contrarian but it seems that MMs are overwhelmingly not bearish. The cash levels in MFs is also low and another indication. Since this is so fundamental to your view, further elaboration would be very useful.

I think you are right - we are going higher.