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  • No More Stress Tests....

    In This Issue..

    * Stress Tests don't reveal much...
    * Risk Assets should rally...
    * RBNZ meets this week to raise rates...
    * Loonies rally on surge in Oil price...

    Good day... And a Marvelous Monday to you... Hopefully, your Monday is working out better than mine has so far... I'm writing from home, with all kinds of technical difficulties this morning. I had car problems and had to turn around and come home. Now, I've not been able to 'connect'... This is starting out about as bad as my trip home from Vancouver on Friday that turned into Saturday!

    Not that you read the letter to hear about my travel problems, but I had to stay the night in Dallas, and fly home Saturday... UGH! So, I'm still beat, and now I have this car problem to deal with as soon as I get this ready to go out!...
  • Game On!

    In This Issue..

    * Risk Assets soar!
    * What's behind this stock rally?
    * Charts and fundamentals...
    * Aussie Consumer Confidence drops...

    Good day... And a Wonderful Wednesday to you! A total reversal of Friday's risk assets sell off was the soup du jour for Tuesday... This is beginning to remind me of a Wayne and Garth street hockey game... Here comes a car... Game off... Game on...

    So, as I just said, Tuesday saw the currencies trade right back to the levels they enjoyed VS the dollar last Thursday, before risk assets began to sell off on Friday. These are the types of trading patterns you normally see when the assets involved are getting ready for a break out... A jail break... Tonight there's going to be a jail break!

    OK, I'm not saying that the jail break takes place tonight, I just broke out in a song from the 70's... That's all... Seriously though, I hope we're seeing a return to fundamentals....