Across the Pond

German retail sales down 1.5-1.8% for 2007. Sales accelerated downward in the fourth quarter by a 3.2% loss. This can't be good for the Euro vs. the dollar. This is even worse for China. Europe had passed the U. S. as the chief destination for Chinese goods earlier this year. I don't see that continuing for very long.

Bought 41 UAUA at $25 today at the open.

Closed CFC at $5.63 yesterday.

Not bad at all. I may have missed the boat on shorting CMG. They've dropped from 155 to 117. Too bad. But since that's their first drop, I'll have to wait a month for a rebound.