Going against the prevailing trend seems sooooo hard to do. Only way to get a bounce these days is if Boom or Timmy says something nice in front of CONgress. Otherwise just slip slidin' away. I'm on the lookout for temp sector bottoms. We either continue sliding down through earnings or maybe we catch a reprieve and get a little rise into earnings. Any shorter term plays, I don't seem to be in the right mind set to do that lately.
I looked over (CitiFx)the metals and currencies, and earl to a lesser extent. Elsewhere I see $ going into money market funds and such. Said why not? Go to The Lion and make some paper trades for them to go higher. Or yeah, like OG said just to watch them for a turn.
Regarding the flight to Treas. paper as a safety. Guy said on cnbc this morn, "Issue debt to fix the financial system is one thing, to fund a welfare state is another." So I think the T paper has lost a little bit of luster.
end babble
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I dont totally agree with much of that CFX thing regarding commodities and chit...or currencies
i am dollar bull euro gbp bear...
i wish the put call would get higher but it seems no one wants to protect long or get short...and those already short are just like fark it i aint covering
its back below one today...we cant have a good rip unless we get that thing to 1.3 or higher IMO
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