[sarcasm]

ECU down a penny. Gee, I never expected that. Anyone else see that coming?

[/sarcasm]

Seems our volume has evaporated. We're in a slow drift sideways with a down bias. The usual behavior lately has been for ECU to be held down a penny everyday, all day loooooooong, and held there by those that want to make sure there's no excitement in this, or any junior. They're getting their wish. With no interest in this sector, and absent any super news, there's nothing moving us up. The only movement is that darn -1 cent everyday.

For the most part, I'd bet that those still holding ECU have no intention of selling (the strong hands), so shorting ECU isn't going to produce any profits to speak of. Therefore, it appears that this sector is definitely going nowhere real fast until:

1. Any particular stock may come out with fantastic news causing it to rise; or,

2. The poop finally hits the fan, then all JPM stocks will be rising.

Conclusion: My position in ECU is nothing but an insurance policy, unless there's super news.

OK, so I'm writing this because of the mood I'm presently in. The economic climate stinks, and nothing is being done to even try to remedy the situation, just greedy elitists absorbing every else's wealth. It's like being caught in the winds of a hurricane that stays just off shore, never coming inland to move on and die. The destruction just keeps mounting and mounting until eventually there is nothing left.

It's enough to make a person want to spit.

Terry (in a mood)