Stopped out of Peru Copper (PCU) and my Freeport-MacMoran preffered is getting whacked as copper and gold falls.
Oil continues free fall.
Gold having trouble finding support so am getting stopped out these positions as well.
Stopped out of Bunge last week as soy bean pricing goes asunder.
The inverse S&P ETF position, SDS, helps mitigate losses somewhat.
John Carter is the author of Mastering the Trade. This is pretty much the modern bible for traders. He is a smart dude, disciplined and opportunistic. Carter’s bearishness beginning mid-year of 2008 stimulated me to go to 90% cash. He is agnostic as to trading direction, he lets the market tell him. He has a terrific web site that is available at various fee structures. He has a video available most days, one for a fee and another free. Here is his free video from last night. His pessimism for this week is intimidating. http://clicks.aweber.com/y/ct/?l=ISDuq&m=1f.U6.WE_M0f5r&b=jxo41lm.VHzv.G3Dlfx3pw
