Katmandu

Nasty long tail evening star. (Candlesticks are so cool.) Market trades lower from open, makes a new swing high, closes on the lows. On Bloomberg this AM, analyst sees Bank of England raising 2 more times and FED lowering by end of 07. Makes case for overweight Europe vs US in equities and large cap names that have non dollar exposure. Bank of Japan decision this week, keep eyes on 120 dollar/yen.

Missed the Country Music Awards last night, did Kenny Rogers win anything? Go Utah, would love Jazz-Cavs Final, all three people would be watching this on TNT. Whats with the World Series going later in the year? November in Boston, that is really the place for the Fall Classic.

Too all you local Austin Independent Businesses from the meeting yesterday, thanks for the drink tickets, 12 year old Glenlivet really hit the spot on a Tuesday evening.

My Kind of Town

88 and Sunny this afternoon in Austin. No complaints from this New Yorker. Caught most of the Utah/Golden State shootout last night. I think GS has it tough with only Baron Davis to carry the load. The Jazz are playing tight D and nobody can match up with Boozer.

Finally, the dip buyers get stopped out. Chart support for spoos in the 1450-1460 range. Still watching 120 dollar/yen as to global liquidity. OIH trades lower even though spot crude up. Will be interesting to see how Asia trades over the next week, leading or lagging?