I'm in a foul mood .... So I'll be conservative... or lay up...
gold is up a bit this morning...
I'd rather see oil hit 110 before I'd play it for a bounce....
Some guy .... shows how credible I think it was... But besides the link between oil gold and the dollar, he suggested there was little other link between the two.
but still I ask myself..... "Is oil going higher this year?" NO...
so why get involved.
and I say the same thing for gold.
there are chances that materials and oil stocks are done selling, soon or in the near future.... I'd rather look for those moves...
I think.
and maybe Tech is a good play for a few weeks... or a decade...
but how spooked I am... maybe that is a buy signal...
Wednesday, August 13, 2008
Well
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3 comments:
Why so spooked? Just a few days ago I was being admonished to learn to love the bomb.
If gold goes up today, go short GG or EGO.
Indices just took a breather and they're not even back to their support. Commentators on TV are back to their Armageddon scenarios every time the market drops 100 points.
Quality financials (HCBK) should do well, no?
PEP, TGT are others poised to be fine in the turmoil.
I'm not market spooked.... Just off my game a little.
That is funny..."learn to love the bomb"
Lame when I can crack myself up...
I'm curious how this retest of the financials will go.
now that you can short them again, without borrowing them... or whatever.
We will get a good retest of the indexes at one point.... I still figure it's a few weeks away...
but could be wrong.
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