Eyebrow-Raising Action in the Dollar
"If you're powerful, you are much more likely to be blind and deaf to signals from outside." -- Adam Michnik
Amid this market rally, I have been persistent in my call for a correction since I first made the case in late January as various intermarket trends weakened. It was around then that our ATAC models, used for managing our mutual fund and separate accounts, positioned out of equities and defensively into bonds. Since then, it has felt like a powerful uptrend, but the reality is that the S&P 500 is barely up 2%, with most international indices lower. Recent price action has not been a runaway move. ...234 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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