Monday, August 24, 2009

Swine Flu

If half of Americans are going to get the Swine Flu and Half of Americans are currently underwater with their mortgages, how does this bull rally continue?

http://www.bloomberg.com/apps/news?pid=20601087&sid=a8_2nrwYD1kM

I admit, I sold my Oil long today just after Gold's selloff. 1. I had good gains 2. The selloff intrady in Gold and Equities spooked me. 3. I can't figure out why Gold is not breaking out.
Basicly, I got more bearish today. 4. Money is flowing into Treasuries again--this is a biggy.

I'm net short again. Sheesh, will i ever learn. I'm sure Goldman will end up being right about Oil, and that will be fine because i will be all over it short up at $85.

1 comment:

  1. Great call on C.Your call on stock is much better than any other sites.
    Thanks Tenyear

    ReplyDelete