Upon a recent trip to Las Vegas I was amazed at the crowds. Thinking we were in a recession and hearing about the reduction in consumer spending I had imagined I’d have the town to myself. Walking through Caesar’s Forum, the very upscale shopping mall, …
I hate, hate this market. Buy and hold is forever gone. Short term trading is terrific, difficult but the only game in town. One wonders why Trade Station (TRAD) isn’t doing better. I played golf today and my partner told me that he said hello …
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 …