1) Oracle (ORCL) shares plunge 13 percent early Wednesday - company has provided a soft outlook, market punishing the stock hard
2) Doug Kass just Twitted, I am using this "predictable" pullback as an opportunity to add to longs. I expect some seasonal strength into year end - I agree, US stocks will probably move higher over this week and next;
3) FX Concepts' Taylor tells has just said that ECB loans are a form of quantitative easing - if so, very bullish for risk assets (FX Concepts is the world`s biggest currency hedge fund);
4) Bank Of America`s technical strategist says: "Sell EURUSD at market (now 1.3045) risking 1.3255, targeting 1.2510" - my view is that we will have a lot of noise, big 100 pips plus days but in the end we will be just about where we are now;
5) Mortgage Bankers Association reports that the avg 30-year fixed rate mortgage dropped to 4.08% last week, the lowest of the year - slightly bullish for housing
On a leisure note, I will give you a good wine tip (under 20 USD):
ROBERT OATLEY Shiraz Mudgee 2009 (Australia): Bright and jazzy, with black cherry and mint aromas and flavors that skip lively through the finish. Drink now through 2014. 6,000 cases made.
