Roubini Giveth, Roubini Taketh Away?

Roubini’s reported statement that the worst is over gave the US equity markets a boost on Thursday, but the week’s rally may be about to stutter.

Friday may be less than lack luster across various sectors. Retail could display continued negative reaction to CIT Group’s apparent forthcoming bankruptcy, technology, having run up on anticipation of Google and IBM earnings, have no further fuel to rise tomorrow, and the financials may be asking too much to expect that B of A and Citigroup will match the stellar performance of JP Morgan and Goldman Sachs. Add Roubini’s after market statement claiming that his comments earlier in the day were taken out of context and that he is still pesemistic for 2009, and well…….

With this as the ambient for forex markets it might be wise to look into intra-day shorts for the EUR/USD again. Remember 1.4150 on Thursday.