Grodge is getting the call of the week with his weakening commodites play.....
Hope he followed his advice and not mine..... I expect some weakness since it's the wallstreet playbook.
for us to get realy low, we need week commodites and weak financials..... that is the secret recipie....
but with the inflation trade it puts a bottom in the market.
And the Real roll out of the commodites will be when the Hedgies come out of commodites and into stocks...
Wednesday, March 19, 2008
commodites
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2 comments:
How are you trading in this market? I cannot make heads or tails out of this mess.
I did lighten oil and silver, but kept my gold... oh well.
I also held onto to my GS, and I think it's going back to $192 (my cost basis.) Maybe I'll buy more, but the easy money was $150 to $170.
I've been busy at work and (fortunately) not trading this horrific market.
Good luck, my friend.
We are still going to go lower... my powder is dry at this point.
But I think we have another surprise between here and 11300.
I still say we have to confirm this Bear market with a 20% decline.
I have a few thoughts I'm working on typing up.
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