The Good and The Bad

  • On the positive side I was very scared this morning and I do not scare easily. High levels of fear occur at market bottoms. 
  • Goldman turning positive doesn't hurt either.
  • On the negative side the ISE Equity only reading is showing call buying. This does not jibe with what it feels like out there but is a cautionary sign.
  • Doug Kass at RealMoneySilver.com says he is hearing rumors of an ECB rate cut. Rates are 1% over there so they have some room.

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