Tuesday, July 29, 2008

The Dollar And Oil

I'm not in the crazy energy bear camp like most right now because I constantly worry about fire works and the Nigerians, but absent that, oil looks lower. The DUG call yesterday paid off and should continue to do so. Way too many variables on this one though. I'll trade it as I see it though and I do like the pump under $4. The dollar rally has failed before too.


About Me

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.