Falling dollar and inflationary Treasury printing press pushes me into commodites. Using the ETF DBA which is long corn, wheat, soybeans and sugar, each 25% of position. Also long other commodity equities Bunge (BG), SLV (silver ETF), CHK (Cheasapeke Oil).
Gov’t to borrow a record $550B in current quarter–
With a trader’s mentality I added to all newish positions on Thursday and Friday. Among them is Chesapeake Energy, CHK. When the Chairman had to sell his entire position to meet a margin call the market was then going straight into the dumpster. It was …
Bad news seems to be overwhelming the technicals. Many were thinking we had found a bottom. I believed we had found at least a short term bottom. We may now have to wait until next week. Barclays is looking to raise $12 billion. This is …
This is not a good investor’s market. It is a great trader’s market. If you are prepared to buy short term and have a sale discipline it is time to buy. Just when I thought regulators and governments were out of arrows, overnight developments should …
About a 500 point swing in the last half hour–down for a final -74. Oil up big. Gold up pretty big. Probably doesn’t make for a great opening tomorrow The Fed cut was a yawner and yesterday’s profits too juicy to ignore so profits were …
From my son: http://elections.gmu.edu/early_vote_2008.html
Trying to figure out yesterday. Among the causes; upcoming end of fiscal year for corporate/public pension plans and their re-balancing to equities, short covering, speculator buying, short covering, early day foreign buying and short covering. And, the Yen finally falling which reduced the carry trade …
Worked furiously to get into the game Traded SSO twice and should have kept them Bought and kept overnight EEM, Emerging Market ETF–hope to sell on opening The lows may be in but an extraordinary event could set it all back Still too early for …
Russell climbing. Longs cannot help themselves Went long SSO