The unique and fascinating nature of markets is due to the fascinating mind of investors, that as group create the totality of the market. Last week saw the biggest financial reform of our generation taking shape when president Obama announced his new plan. This new reform is supported by a new super powered Federal Reserve. Surprise comes from the fact that nothing is said about rating agencies.
Stock indices did see a decline into this past week but it was not a sharp correction it was more like a test back down. In the forex crosses the EUR/USD seems to be stuck in a trading range of 1.38 to 1.40.
Still in first place at World level of the WTI Mariusz Ganczar from Poland with gains of 241% in 12 weeks. Hungarians Karagich István and Szabó Barnabás are close behind with 191% and 182%.
Clearly those traders are not worried about green shoots or yellow weeds in the economy. Their strategy has been working within market conditions.
