Yesterday, “The Direction Of Choice Was Down,” But Today “The Future Is Bright”

Former FX trader Mark Cudmore is a man who changes his mind about things when circumstances change. That's not necessarily a bad thing and indeed, sometimes it's prudent, but that doesn't stop it from being amusing when you write this on Monday... Momentum remains negative and down should still be the direction of choice for U.S. stocks in the short-term ...and then this on Tuesday... Fundamental developments suggest that global equity markets may soon start making record highs again But that's