Buzz & Banter
So far this morning fading the fade was the right thing to do. What we've seen this week for stocks has been largely noise, however. Expect that to change next week as everyone returns to work from the Holiday.
Outside of stocks the action has been a bit more interesting. We've already looked at gold. Now, the chart of the Sep. dollar is close to breaking a double bottom (a point & figure sell signal) and a print of 98.60 will be all it takes.
On a somewhat unrelated note, I believe I wrote once here on Minyanville about a Web site I had stumbled across called housing-bubble.com. I enjoyed the somewhat agnostic Web site because it collected housing bubble articles, both pro and con, and real estate articles from around the country and compiled them in one place under their Current News link. Well, it appears that although the site is still up, the updates have stopped as of July 28. I sent an email this morning asking if the lack of updates meant that the housing bubble had popped on July 28, or simply that the housing bubble became no longer a bubble on July 28. Unfortunately, the email bounced back with an invalid address message. Uh oh. That can't be good. Or maybe it is good. Or maybe, like the site itself, it's neither good nor bad, just there.
Ok for now.
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