Monday Morning

This morning I am trying to get in rhythm with Mr. Market after my trip to New York last week. Came back Friday afternoon, but should have stayed away from the market in the afternoon as I got caught in a classical bear trap after NFP. In addition to reaction to a weak number I was driven by my take from the trip to the US, but more about that later today. But I guess one of the main positive pick-up from the trip was some optimism that Obama can turn things around and that there is some hope that the fiscal policy and FED actions helps. I guess those factors was the main drivers - on top on the classical inverse NFP trade we have seen lately - behind the strong Friday rally when the 818-level held well. The same factors seem to drive Asian markets over-night. The price action in European shares is in contrast underperforming both US and Asia. Eurostoxx at 2384 should be trading 2450 to be at the same level as US and Asia shares within the framework of the last two weeks.

Most admit, I have a very hard time to belive in this rally.