Emotions

Citigroup reported 5 something billion in losses this last quarter. The consensus was for much more losses. So the stock rally's 6%. This after they wrote off 18 billion previous.

So are we out of the woods? by the action today and this week we are. But the masses are always wrong so you think this through.

These are what make markets. There is always someone on the other side of your trade thinking opposite of you.

Myself, I am still bearish, although the financials may have been hit hard enough not to go much more to the downside. But they probably will not move much to the upside given the environment.

This just makes me feel more confident of the inflation scenario and to make money off this.

As with previous posts, I am looking to the future and the future should be raising interest rates. The bonds have already broken down and should continue.