Tuesday, August 5, 2008


If the market can't rally on a commodity implosion, then it never will. Futures are up big and the Fed is on tap later. I expect that meeting to be a non event, however the pressure to raise rates has now subsided, so we could get some fireworks after the meeting. On the lookout for some longs. It will be interesting to see how the ags, coal, steel behave today. I do think shorting any rallies is the way to go in those groups.


Jim Driscoll said...

Rally's mostly in large caps, the small and midcap stuff isn't moving the same way.

Which tells me this won't last.

Looking to buy SDS and DXD on the dip.

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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.