They are killing all things commodities and I am playing along to the music. I'm short steel, coal ags, and energy in one form or another. The open faucet of the first two hours has turned into a kind of drip now. The real question is whether they take them out back and really finish the job in the last 90 minutes--or will the bottom feeders come in and establish some bids.
I'm inclined to think they put them in the wood chipper. We'll see.
Tuesday, September 2, 2008
Commodities-What Now?
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About Me
- upsidetrader
- 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.
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