Tired of reacting to rumors!  Aussie dollar continues to rally…  More on China…  Bank of England keeps rates unchanged… And Now… Today’s Pfennig!

Congratulations — you just survived Black Swan Month.  And in the process, a persistent and seemingly prescient Internet rumor has been put to rest.

Vulnerable companies in the utility sector are certainly showing shorting opportunities. Andrew Gordon of Investor’s Daily Edge suggests that although the “recession has finally caught up to the utilities,” there is opportunity for triple digits gains.

I can’t decide if this is a case of cluelessness, stubbornness, or both.  See, I try not to pay attention to the doings of the power elite when they gather each year for their conclave in Davos, Switzerland.

In the currency market, the dollar plunged against the euro. Late Tuesday, the euro was trading at $1.3002 vs. $1.2641 on Monday.