I do not think I have ever seen such repeated media coverage over the past week of the FED heads talking up the USD. It is like a media blitzkrieg to condition or brainwash the traders and remaining sheople. Some credit to them though as it has worked to some extent despite the worsening trade deficit reported today. It appears they want you to believe that what the FED heads say is more important than economic data. Then again, this does not say much though considering the quality of the data or vice-versa considering the credibility of the FED heads. Whatever the smoke and mirrors portrays, it just bought them a few more days.

The DOW was minimally up today on strength from financials and GM. Wow, that is a dynamic duo if I ever saw one. Again, just short-term gains on withering vines. The $30 billion in REPOS more than likely helped a bit as well.

Interesting chart below on North Sea crude production. It looks like we have another major oil field trying to imitate Mexico's declining Cantarell field.

What entertainment - VHF

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