20081103 Timer Commentary

ISM’s National Manufacturing report for October came out – rising dollar is helping to kill exports and manufacturing activity. The only commodity reported in short supply is caustic soda, perhaps due to the current political climate. With light volume in the market Monday and presidential elections Tuesday, we see about half of the population in a poor mood by Wednesday. Volatility has decreased of late: the pause that refreshes or the another trip and fall?

Current model positions: two cash, two short.