My feeling is that you could see a short term technical bounce in the markets tomorrow. I’ll pulled 2/3’s of my shorts yesterday. Still looking for intermediate term support at 975 s&p and if we see it and any the downward pressure relieves at all may be tempted to pull the last 1/3.(that’s only about 2.5% down [Continue]
be advised, the tin-foilers among us think that things are shaping up for a potential “suprise” inter-meeting rate cut….i’m not entirely sure it will help however. stay tuned.UG If you enjoyed this post, make sure you subscribe to my RSS feed! [Continue]
OK. Yesterday I said that I thought after the stunning decline that we could see a positive day in the broad US equities markets. I was right. We were up somewhere in the vicinity of 4-5% depending on what market you were looking at. So, where do we go from here? Good question. While yesterday it “just [Continue]
There was some fear and loathing in the markets yesterday (it’s now after midnight in uruguay). Unfortunately, there is so much more to write about this than I can possibly do at this juncture. Suffice to say, today’s action in the equity markets will undoubtedly get the headlines. The real tells are in the credit and [Continue]
Well, I was in the middle of telling you about my trip to Peru when the The End of the World as we Know it happened. Now, that that’s over I’ll get back to the story about our trip. So, after skipping the city tour in Cusco, and getting hopped up on coca tea we [Continue]
Golden Lotus and I actually left (gasp!) the apartment during the middle of the week this last week and went to lunch. This is a bit of a rarity for me, as I often end up working through my lunch hour and stopping only for a moment later in the afternoon when i can’t stand it [Continue]
Gold had its biggest one day move every supposedly today! Check out my post from yesterday where I say that Gold still has one more leg down…hahahaha, nice call, huh? We’ll see what happens over the next week to see if it continues going up, but so far it’s lookin flat wrong. That said, [Continue]
Hey Everyone, It’s been awhile since I talked about gold as a speculation — I wanted to jot off this note though since I’ve been talking privately with folks about it, but haven’t really come out into the public in a definitive way and given people my thoughts. (I’m writing this during my lunch hour, so I [Continue]
LEH is BK I had a short dated put on these clowns that I got “chickened out” of when gov/fed/treasury interventions sent the financials (lehman included) soaring. What I “learned” was that shorting financial companies is very dangerous — they are experts at raising additional money and manipulating their share prices. [Continue]
Ok…back to the Peru trip. We were slated to stay in Cuzco, Peru for a day and a half before taking off on the next leg of our journey. It’s really a funky city and unfortunately, I wasn’t in the mood for taking the “city tour” and didn’t bring my camera the few times we went out. [Continue]
