The news is Dubai. Whatever it is; I seriously doubt Dubai will be the last entity that will be unable to roll its debt before this debt cycle is over.
SPX and R2K are below levels that I have been watching so I am switching to the short side.
The Dollar is a little bit higher, but is having a nice move against the Aussie $. That has been the leader imo.
Happy Thanksgiving to all! This is my favorite holiday. Very little commercialism, no gifts, just family, friends, football, food, and wine! Good times. I hope everyone has a great day today.
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