nobody seems to want to be the one that makes the DOW close below the november 7552 closing low. yesterday we finished 0.16 above it and today about 3 points above it.
The only thing that's been working for me has been GLD. I have no idea what anything else will do day-to-day. And now that I've said that, the bottom may fall out of gold tomorrow.
lol. The guy isn't as bad as people make him out to be, but he's not the "god" others make him out to be, either. I thank him for turning me onto a lot of the ag names like Mosaic and Potash early in their run-ups. I watch his show just to look for mentions of stocks that I may want to look into.
I play only day-trades lately and only done so-so. I am waiting for the next large drop and finally going long on some positions. My gamble long will likely be CPST. Turbines, in line with green/clean movement, increasing backlog for once with their new product line. And analysts on conference call mentioned that with their cuts, it looks like they are finally going to be profitable.
wow this makes me even more intrigued about selling the GLD june calls. they are VERY expensive. i just need to design a strat now.
They have put themselves in shaky positions (in a business sense), so it is understandable that they are taking a beating in the Stock Market.
Everyone seems to be coalescing around the Swedish nationalization model as a more and more likely solution. If that happens, Citi would almost certainly go to zero, and it seems the market thinks BAC would quickly follow.
The found Sir Stanford, he's a knight you know http://www.chron.com/disp/story.mpl/front/6271347.html
I wish I was hangin on the sidelines. I put some of my dough into UYG when it hit $2.50....they should rename the ticker to UGLY cause that's what it is at the moment.
