June has been a bit of a roller coaster ride, with most of it spent with me white knuckled and screaming as the track plunges vertically downwards. For July I hope for a boring everyday grind with a dearth of heart stopping moments.

For a truly frightening look at the mess the Washington spending machine has created, have a look at these:

A better showing today, even if I still have work to do on that patience (I’m sure this will be a recurring weakness that will drive me nuts until I get a grip on it).

A better showing today, even if I still have work to do on that patience (I’m sure this will be a recurring weakness that will drive me nuts until I get a grip on it).

In "Financial Press Getting Very Scary — Good Sign?," the Wall Street Journal's MarketBeat blog notes that at least one "expert" believes bearish sentiment about the economy is at or near a contrarian extreme.

I did some more reflecting over the weekend. The end of last week had me straying from the scalping approach I’d been practising for the past few months. Was I going to change tact once again or try and soldier on?

My head wasn’t really in the game today. Still confused as to the way forward here.

Yesterday’s closing thought percolated in my mind for the remainder of the day. It mutated and evolved as I thought about millipede trading catching up on the millipede thread over on Forex Factory. Infinite yield. Stacking.

Take one helping of an economy wrecked by rampant greed, reckless speculation, and failed policies, and combine that with financial and other markets distorted by the same toxic brew, and what do you get? Developments like these:

In an eerie sense of déjà vu today was almost a carbon copy of yesterday. The mistakes I made were subtly different resulting in more severe repercussions.

I was unable to pick out a clear cut direction to focus on trading today. Price seemed to be nicely wedged between 1.4150 and 1.4200 with the 6:00 EDT hour opening right smack dab in the middle at 1.4170.