RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: SeNo the contrarian players are buying today. The herd is selling because the Dow is in free fall, Morgan Stanley is predicting recession and the big newpapers are gleefully announcing doom and gloom. In fact, Wall Street boys are just having little tantrums because the White House has left the markets to fend for themselves for once. Maybe Obama is even going to make the mega-rich pay their fair share of taxes. Of course, we in Canada are whipped around by the giant next door but IMO, it's well worth it. In any case, it brings me some wonderful swing trading opportunities.
Re inventories, I'd suggest before you comment about the inventories on a weekly level, take a long hard look at the bigger trend that's been shaping up with NG all year. We are moving to the lower bound of the five year range and have been going in that direction for months.