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Intra-day Update: US $$ backed by bull-shit
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Intra-day Update: US $$ backed by bull-shit

by MoleNovember 3, 2008

UPDATE 11:35am EST: I have seen this chart flowing around for some time now, but had not seen it with the levels as low as they currently are.  If you have not seen it, it will surely open your eyes as to how bad this current crisis ACTUALLY is.  Read ’em and weep.

From a creativity stand-point though,  you have to love it when our Federal Reserve, which until this year had never had less than say 75% of its assets as treasuries, has decided to become a full-fledged bank.  As if we didn’t think that by bailing out buying assimilating these bad banks the Fed wouldn’t become one massive monolith of a bank.  But come on…Around 25% of it’s assets are treasuries.  Translation… 75% of what the United States Federal Reserve is holding is nothing more than straight BULL-SHIT.  Do I need to breakdown the shit into its more understandable alphabet soup nomenclature (I hope not)?

Simple but scary!

Simple but scary!

That said, the Fed, like any big bank, saw a chance to make a few quick bucks, and in doing so, has cast our entire financial system into a huge turmoil.  How do you think foreign countries would react if they knew our Federal Reserve had only 1/4 of its total assests as something tangible….  Food for thought.

Skål!

UPDATE 12:36pm EST: Mole here – the chart that really scares me is this one:

UPDATE 2:11pm EST: Berk and I have been nibbling on shorts. Here’s what I grabbed: AAPL, DHR, STRA, WYNN, POT, GLD. I also like RIMM at 55. All puts – yes 🙂

UPDATE 3:00pm EST: I like Basic Materials this week – they exploded last week and are taking a big hit. Here are some symbols for you guys to play with:

ABX ACI AGU ANR APA APC ARD ATW BTU CAM CF CHK CLR CNQ COG CRK DO DVN EAC ECA EOG ERF ESV EXH FCX FST GDP HES HP IMO IPI MEE MON MOS MRO MUR NBL NE NFX NOV NUE OIS OMG OXY PBR PCZ POT PVA PX PXD PXP RIG RRC SFY SII SM SPN SQM STR SU SUN SWN TRA UPL WLL WLT XEC XTO

I also like FSLR – thoughts?


About The Author
Mole

Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at various social media waterholes below.

  • StoneDog

    Im going to guess that if you have the chart, the foreign countries do as well. But i will agree that it does not bode well.

  • http://www.evilspeculator.com berkshire

    Maybe that is why many of the foreign countries we trade with have stopped purchasing our treasuries…

    Skål!

  • StoneDog

    Quite a mess, eh?

  • Ukla the Mokk

    Berk, this is eye-opening. Thanks for the post! One of these days, it would rock if you and/or mole can do a weekend post that describes stuff like why watching the treasuries is important, the TED spread, $TNX, yen/US market correlation, etc. I have no idea what any of that stuff means in relation to the market…other than (typicallys) yen up = US market down.
    This only reaffirms my thoughts that people will think “the bottom is in” and begin to buy like it's going out of style (and we just may see a pretty darn substantial, if not violent rally), only to find out some time down the road that we're still just as bad off, if not worse, than before. And the buyers with their heads in the sand could get demolished AGAIN.

  • lisa

    Look at mortgage rate today is 6.41% compared to 6.08% last week. That showed the credit is not easing but tighter. That's why the market is in trouble to going up. If foreign countries do not buy the US bond US has to pay higher interest to bond buyers. That will be an other shoe to drop. It will be ugly soon. Mark my words.

  • gagelle

    Berk, intelligent and informative update. Thanks.

  • http://www.evilspeculator.com berkshire

    Thanks…As I said..I have seen the chart before, but last time I saw it, we were just around 50% in treasuries….

    Seeing us at 25% was nauseating.

    Skål!

  • molecool

    That's some scary shit – and it'll probably get worse. The U.S. is basically bankrupt – and the emperor is wearing no clothes as everyone keeps pretending we're just doing fine.

  • http://www.evilspeculator.com berkshire

    Ya Mole…That is one Hella-ugly chart too.

    Anyone know a financial pundit I can mug to get a pair of them rose-colored glasses?

    Skål!

  • http://www.evilspeculator.com berkshire

    Yes…I am almost to the point where I walk around slapping people telling them they are wrong or not to listen to the media. Some many people, so little time… And I only have 2 arms (not the adjustable kind).

    Skål!

  • molecool

    Law of Unintended Consequence: Nervous investors keep demanding lofty yields on mortgage bonds versus low-risk Treasuries, raising costs for mortgage lenders who pass along the increase to home buyers.

  • molecool

    Use two thumb tacks as contact lenses – that should do it.

  • http://www.evilspeculator.com berkshire

    Ukla,

    I think that is a good idea. I would be interested in doing it. I think Mole would be the better choice, as he is a little more in-tune to the Macro-Economic picture. However, that post will likely be quite lengthy and very involved. Give it time, and we will get bored and want to post something intelligent.

    As I said…great thought…We will keep it in our play-book.

    Skål!

  • molecool

    Meh – I have tried and they used to laugh at me. Seriously – in January I told everyone I know to get out of the market. What did they do? Nothing of course.

    As the saying goes – there's a sucker born every day. Which feeds into evil speculators like us banking coin.

  • Ukla the Mokk

    mole, I have no idea what that chart means. But I'll take you're word for it that it's bad.

  • Ukla the Mokk

    By the way, my hats off to anyone involved in the fabled WYNN short/put play. I was going to, but didn't for several very legitimate reasons.
    Kudos!

  • http://www.evilspeculator.com berkshire

    Since August of last year, I had been telling anyone who would listen to get short or get the hell out.

    Some of them get upset when I mention that I most likely took some of their money. I tell them they should have listened to me in the first place. And happily walk away.

    Skål!

  • http://www.evilspeculator.com berkshire

    Thanks…I try to lay them out there nice and easy. I know some of the options were a little steep, but the potential is certainly there.

    Skål!

  • minion of the ppt

    Take a low percent number as loss potential in the derivatives system. Say 5%. 0,05 x 200 trillion = 10 trillion. Distribute this number amongst the counterparties you were trading with and the result is a credit crunch. Enter credit crunch as loss event into the derivatives system…

  • molecool

    And they KEEP ADDING them – completely insane…

  • molecool

    Can you tell me why you took V instead of WYNN?

  • Erikd

    Checkout ABK – kicking ASS again!

  • Ukla the Mokk

    Cheaper options (although I should have purchased Dec options in hindsight) and tighter spread (10 cents).  When I looked at WYNN, the spread on the options I would have considered buying was 50-60 cents…too wide for me.

  • ProZachJ

    Do you think that if the us government gave you the right to print money you could run your buisness into bankruptcy? That's is excatly what these guys at the FED have done! I mean you would have to seriously work hard at screwing up your balance sheet soo badly that event USGDP can't cover your risk . End the fed!

  • molecool

    I would take profits soon Erik – unless this is a long term investment for you.

  • molecool

    Okay, at least you had reasons which is cool. BTW, why do you need that much time value?

  • ZigZag

    GS is my canary in a coal mine……I think the bird just died.

  • Ukla the Mokk

    It's not the time value that concerns me…it's the theta eating my position alive. 😉

  • Growler

    that's a very nasty stat.

    financial institutions are on “death watch”….. (i was literally thinking of an adjective to describe financials just as Brad from Shadow Trader says “death watch”… …could be a sign…..?)

  • JWBlack

    It is going down because I slapped on a pinky-sized short this morning. If I had put on a middle-finger sized short, the stock would be up.

  • Gumbo YaYa

    Mole, what are your thoughts on GOLD as a short. Looks to be at resistance (downtrend line & HZ at old lows $33) after a nice rally. Still bearish on gold in general?

  • BigHouse(Aka Mr Vix)

    Wonder if its to late to short wynn?

  • Gumbo YaYa

    RAH – Nice break to new highs. Good entry on pullback/retest. Careful of earnings.

  • Gumbo YaYa

    Yes.

  • http://www.evilspeculator.com berkshire

    Thanks ZIgZag…Looks great about right here, or just under 87. Under 85 should be a nice little free-fall.

    Thanks for bringing this to my eyes.

    Skål!

  • http://www.evilspeculator.com berkshire

    We snagged a small position this morning. I would have liked it better with /ZG around 775, but It seemed to have given a nice rally to short.

    Skål!

  • http://www.evilspeculator.com berkshire

    No…

    Target for me is equal lows. That is 28. Is it a little far gone today, perhaps… But Mr. VIX is snoozing today, so I still like it. At this point though, option selection should be even more important.

    If you don't like to chase it, wait for a rally. I missed my first bid this morning for the 55s @ 4.8. By the time I got in (different strike) the 55s were trading at 7.3. I missed a 30% gain, but I grabbed the 50s instead. Up 20% now. All in all, there is more downside, you just have to watch timeframe. Unless we get a big move, down $8 could likely be all for today.

    Skål!

  • http://www.evilspeculator.com berkshire

    +1 For discipline!!

    Skål!

  • HungryNewt

    You said: “How do you think foreign countries would react if they knew our Federal Reserve had only 1/4 of its total assests as something tangible….”

    Out of curiosity, how is it that you've come to know inside information that foreign governments don't?

  • molecool

    Ooooh – that's a nice one 🙂 Which ones did you get?

  • Gumbo YaYa

    Not in just yet. Waiting for the retest since I could see it pulling back to $68/$67 + the election has kept me treading very lightly.

  • molecool

    I hear ya – I'm holding 6 positions now and that'll be it for today. I feel more comfortable with 6 than with 3 btw…

  • gagelle

    I resisted piling into WYNN (a la William O'neil) because of the percentage rules. I could have made more but feel better following our discipline.

  • moneyfarm

    EBS hit new high today. Bought some on pullback after morning spike; Good increase in volume.

  • http://www.evilspeculator.com berkshire

    Before you post a snide remark, read the rest of the blog to see if the same snide remark has been posted, or even responded to.

    But, if that is all that you have to say, I supposed we can cut back on useful information and only show everybody things we know you have all seen time and time again.

    Skål!

  • ProZachJ

    Is there a way to log in without posting?

  • Gumbo YaYa

    I have 4 but understand the 6 vs. 3. How many do you feel comfortable with in a 'normalized' environment (no elections or Fed meetings, etc)?

  • Ukla the Mokk

    +1 for adhering to the rules that keep us in this game. My comment earlier echoes your comments. 🙂

  • Gumbo YaYa

    Trying. Honestly, sometimes the blog comments cause me to forget about that part of trading & I act along with the blogger's trades (hosts & commenters). Really trying to ignore that & focus.

  • BigHouse(Aka Mr Vix)

    Boy some of the Vix Nov puts are getting hit hard :((((

  • molecool

    I think it was pretty obvious that Berk meant to say was:

    How do you think people in foreign countries would react if they knew that their Federal Reserve had only 1/4 of its total assets as something tangible….

    IMHO it didn't take that many IQ points to get the gist of this.

  • Gumbo YaYa

    Berk, RIMM looks really tasty at $55. Been watching that one as well…and waiting. I like when the prey comes into my den. Makes for a much easier kill.

  • http://www.evilspeculator.com berkshire

    I agree. I trade both bounces and break-outs. If I miss the bounce, I can grab the break-out and still feel comfortable. This is chasing to some folks, but the entries work with me.

    Looking forward to lunch.

    Skål!

  • molecool

    “I like when the prey comes into my den.”

    I appreciate your mindset, hehe 🙂

  • molecool

    Must be the high VIX – LOL 🙂

    Sorry, I couldn't resist…. hehe

  • molecool

    Yes, go to disqus.com and log in there. When you come back reload the page.

  • StoneDog

    Berk already bitch slapped me for being a douche.

  • gagelle

    Thanks Ukla.

  • BigHouse(Aka Mr Vix)

    I mean the calls

  • DMS425

    I was thinking the same thing. But a thought on my investment in ABK.

    If the FEDs just gives them $ like the major banks,their ratings should go up. Then the securities they insurer should go up, the banks can mark them up, providing more equity and less need for capital from the govt. They get more bang for their buck. I see ABK above 5 if not 7 if this happens. It is like a non-decaying option at this price. AGO may be safer as long as an idiot at a rating agency does not downgrade them.

  • Ukla the Mokk

    Yeah, here's my chart…

    http://screencast.com/t/NFBx2b2NOk

    The orange lines are long-term fibs with the 61.8% lingering just above at about the $57 level.

  • BigHouse(Aka Mr Vix)

    Looks like wynn is dripping down

  • Gumbo YaYa

    I think I need to learn your system. My targets really mess me up sometimes…either they are too long & I allow a profit to turn into a loss since I didn't exit, or I cut the winner's short missing out of lots of profit. When does your book come out?

  • DMS425

    This is the true problem and I don't have the slightest idea how to fix it. House prices can not go up with mortagage rates going up like this. Why is the agency rate so much higher then treasuries even with the official backing? We will find out and I am sure it will be bad.

  • YOGI

    When do we start the doomsday fall is the only question on my mind?

  • BigHouse(Aka Mr Vix)

    I tryed to short wynn and ameritrade said no can do 🙁

  • molecool

    Computer says no!

    1 point for anyone who gets this reference 😉

  • molecool

    You mean 'Investing for Evil Speculators'? Right after I'm done writing 'Mole's Guide to Market Domination'.

  • molecool

    I second that. 1+

  • molecool

    BTW, you guys can actually click on those icons and get to the finviz chart – damn, I'm good 🙂

  • Gumbo YaYa

    Yes, those books will do.

    So, while you are working on the final drafts, some highlights & bullet points on the blog would do in the meantime. Impressed by your gains in Oct. Love to duplicate myself…with you genius help of course. Not getting that level on my own now.

  • molecool

    Any Packers fans here? It pained me to watch the game against the Titans yesterday. IMHO Jennings needs to get himself a new set of hands. Horrible how many opportunities were missed.

  • molecool

    Okay, where did this bullshit rally come from?

  • Gumbo YaYa

    UTHR – Nice short setting up. Declining vol on the rise in price. $90 seems like some descent resistance. Maybe a little higher to the diagonal downline?

  • mike_malone

    Solars should be good play for dem win.

  • Gumbo YaYa

    No, but Alabama is No. 1 in the polls, so I am happy. Now that we have a target on our backs, I hope we can keep it.

  • Gumbo YaYa

    No. I am sure it is just some jockeying for a presidential election outcome bet.

  • molecool

    Looks good to me actually.

  • molecool

    I was actually thinking of shorting, but maybe this explains the current rip. Mmmh, as the old saying goes – buy the rumor, sell the news.

  • molecool

    You're talking college football right? Because I don't think Alabama has an NFL team…

  • molecool

    Piece by piece mate – today I'm banking a few more bucks. Not a fortune but it keeps adding up…

  • Gumbo YaYa

    7/3 stoch still rising (middle of range) + MACD just breaking 0 today is giving me the feeling it may go a little higher.

  • http://www.evilspeculator.com berkshire

    Nice!!!

    Skål!

  • Gumbo YaYa

    You are correct, sir! Alabama Crimson Tide with world headquarters located in beautiful Tuscaloosa AL.

  • Gumbo YaYa

    PLCE – Nice short right at resistance at $33.50. Stoch & MACD are both high & looking to fall…

  • http://www.evilspeculator.com berkshire

    +1 Did I really come off that bad? I guess I need some time out.

    And yes, I know. “Say what you mean and mean what you say.” Apologies for not nailing the wording in the most eloquent of forms.

    Skål!

  • Gumbo YaYa

    Mole/Berk, what are you thoughts on IPI as a short right here?

    I like it except it closed on Friday (& again today) above the short term downtrend line & above the HZ closing price resistance at $20.70 , but everything is rolling over. Not enough down side reward to justify the trade IYO?

  • moneyfarm

    Stopped out for small loss

  • BigHouse(Aka Mr Vix)

    Fo those who know people who are angry and lost money in the market send them to this website lol
    http://justrage.com/

  • HungryNewt

    What about my post made you think that it was snide?
    I've been a happy beneficiary of your generosity of late (regarding this blog) and it was not my intention to be ungracious.

    I just don't understand your blog comment I guess. This low IQ simpleton assumed that you got your information from public disclosure which would be available to other investors and the rest of the world. It's my humble opinion that most of the populace any country either:
    A) Doesn't know or want to know what these numbers mean.
    OR
    B) Are powerless to do much to move fiscal policy in a safer direction.

    Personally I doubt that knowing this publicly available information would make much difference either way. Eventually things will collapse and the stats may become important to those in power… I guess we'll see.

    Thanks for posting your ideas freely to the world.

  • Gumbo YaYa

    DKS – Great short setup if you like easy trades. Retail sucks.

  • Gumbo YaYa

    I still would love if you shared some details…my 'fortune' seems to ebb & flow. It's too balanced = no gains at the end of the month. I need more flow than ebb. Frustrating despite my confidence in my TA analysis. Trading it is a entirely other skill set, know what I mean?

  • JWBlack

    Thanks for that idea. Looks good.

  • Ukla the Mokk

    Don't know if I'm on board with that one, but you're posting ideas here and we need more of that bruh.
    +1

  • Growler

    I've encountered the same crap. Maybe when it comes to money there is just no reasoning with people?
    Oh ID and Super Ego! Will thou ever get along?!

  • Ukla the Mokk

    $NDX has had two dojis and an upside hammer the last three days at a major fib level…the 61.8% retracement from fibs that span 2002 to the high back in 07. If NDX breaches the lower levels of the last three days, I think it and it's components will see a good degree of downward bias as far down as the 1200 level.

    http://screencast.com/t/WAZSOIwS

  • lisa

    AAPL and GOOG were both down. That supports the down turn of $NDX too.

  • BigHouse(Aka Mr Vix)

    Looks like the boys at EWI are calling a possible truncated fifth wave that ended on OCt 27th . What is people thinking on this? I hate truncated waves.

  • StoneDog

    PRE up against some horizontal and diagonal resistance the last few days on steadily declining vol.

  • gagelle

    Thanks for the great chart, Ukla

  • T

    Are you guys still holding your GLD short position or did you close it EOD?

  • gagelle

    There's another factor and that's the makeup of congress. I've heard statisticians predict a large democratic sweep. (Of course they can be wrong.) But that coupled with an Obama win could tank the markets, unless, as some suggest, he immediatly makes a pro-freemarket speech after the election.

  • molecool

    Why would I do such a thing?

  • molecool

    Can you imagine he goes on and gives a 'bankers all go to prison speech' – mwwuaaaahaaaahaaa!!

  • molecool

    I like it but you might get a better entry tomorrow or Wednesday. It's oversold on a short term basis and in a good spot on a medium term basis (60 days chart).

  • molecool

    I like it – has been rallying on diminishing volume. Only fly in the soup is that it's been burning some short term stochastic momentum without dropping. It's got 2.7 days to cover – and 14% floating shorts – not overbought exactly but okay.

  • lisa

    Fed survey shows massive credit tightening continues

  • gagelle

    That's funny. But I suspect the prosecutions will be fierce. (And not only bankers, but people in very high places.)

  • moneyfarm

    I think AZO looks like a decent short candidate. It has made a nice retracement to OH supply and has fib resistance around 124.40. It has also rallied on unimpressive volume and failed to retake it's declining 50 dma on a daily chart. I may short on any strength up to 124 range. Thoughts?
    Thanks

  • Ukla the Mokk

    WTF!?!? V was down nicely today and in after hours it has retraced almost completely to the point where my order was filled. I was up over 32% at the end of the day! But I don't wanna take profits the same day I enter the trade because I can only pull that move 3 times in a 5 day period and I'd prefer to leave those available for emergency stops (one of which was used on Thursday). Oh well. I still think the path of least resistance is down and it's after hours. We'll see. Such is the way of life of a trader.

    http://screencast.com/t/JYjJ7eT3dIX

  • T

    Can one of you smarties elaborate on where you think GLD is headed ? This is the only site I see bearish on GLD it intrigues me.. Thanks

  • C C Rider

    Obama presidency is priced in. What's not priced in is any polling dispute ala Bush/Gore I. I think the real direction for the indices comes Friday on nonfarm payrolls which will be much worse than expected. Hurricane Ike thru thousands of work out of here for several weeks, not all salaried.

    I say meander in thru here until Friday. Stochs are close to overboughtand the PPT will have no reason to prop the market after the election. I'm still in favor of the evil triangle scenario, tho don't know how well it fits with EWT now. It keeps closing under that lower trendline at around 9300 Dow.

    More later when I get home to check the charts.

    Cheers!!

  • http://www.evilspeculator.com berkshire

    MA earnings…MA is up around $11 after hours. Likely won't be completely reversed tomorrow, but “odds” look good for a turn down this week.

    Skål!

  • http://www.evilspeculator.com berkshire

    As were WYNN and GRMN, not too mention NIHD (old favorite…been playing trade tag lately), SIRI, and AKAM. Though there were some pretty strong winners too. 51:46 advancing…Mixed day, though more volume on the declines.

    Skål!

  • Ukla the Mokk

    Since I haven't seen anyone else weigh in on it, I'll throw my thoughts out into the ring regarding FSLR.

    http://screencast.com/t/49KkdNkNV3

    I did not scrutinize this under intraday charts…just from a 1-yr daily.

  • fuzzygreysocks

    Nice post, Uk.

  • fuzzygreysocks

    Sky High SPX Slope + other bad mojo

    http://tinyurl.com/5eddrr

  • fuzzygreysocks

    FSLR, alt energy & plain old energy are gonna get pounded when RBoAustralia drops their central bank rate 11/4 and when the ECB & BoE drop their CBRs 11/6.

    After the all clear is waved I'm in.
    I think the PE guys extended enough credit during the dot.com bubble.
    I think consumer banks extended enough credit during the housing bubble.
    I think the govt will extend a deficit/credit bubble for infrastructure next.
    http://tinyurl.com/6s83ac
    AltE should benefit.

  • http://www.evilspeculator.com berkshire

    Well, I like shorting CHK, BG, POT, CF, and even MON. IPI was my secret Ag bounce weapon, but it is starting to look nice as a bear flag.

    Plenty of downside IMO. For the record, one of my most profitable stocks is CCJ. Most of it has been in the past 6 months, and looking back, the highest striked option I owned was a 25 put, and that was all the way back in August. Right now, it is more about the ATR than almost anything until we enter single digits.

    Skål!

  • Ukla the Mokk

    It could rally up to the next fib level, at which point it may also make a nice candidate to buy puts. Well, it “could” do a lot of things…but the higher it goes, the better short it will make when a trigger is met.

    http://screencast.com/t/9eeAQdbvXaN

  • Ukla the Mokk

    The other thing I overlooked is that FSLR is hitting the upper band on the bollingers. I have them set up to not be a distraction on my chart, which unfortunately makes them easier to overlook…but thats another check in the box for a put play on FSLR.

  • http://www.evilspeculator.com berkshire

    You better respect the Gumbo… Quite the trader, and very disciplined as you have seen. I always look forward to seeing his analysis.

    Skål!

  • http://z-stock.blogspot.com/ zstock

    Ukla, I'm not even going to try a short on FSLR till it gets to the 50 day, or Sept high. I guess I'm going overly cautious on shorting that whole sector__

  • http://www.myspace.com/181419967 JZT_CHIL

    Why would he send those people who gave him lotsa money to prison? 😉

  • http://z-stock.blogspot.com/ zstock

    GRMN is MSFT going to buy them? That's on the rumor mill—

  • molecool

    CLEAN CUPS!

  • http://z-stock.blogspot.com/ zstock

    Lisa, guess who was left holding all of that bad CD paper__it was the small school boards–in small town USA—This is the next shoe to drop__They are holding ten times what LEH and BSC were holding___
    NO more SCHOOL—the kids will be happy—

  • molecool

    You might want to look at the new thread – Berk and I chimed in regarding FSLR. May I also point out that Berk is rarely wrong when it comes to FSLR…

  • molecool

    Damn, am I glad we didn't grab that one today – LOL 🙂 And aren't you glad I made you take profits??

  • http://z-stock.blogspot.com/ zstock

    berk is rarely wrong on anything.

  • Ukla the Mokk

    Not to completely flip-flop, but I don't know what I was thinking when I disagreed…this is a damn fine looking chart. BTW…I took your advice and got rid of WMT on my watchlist but replaced it with SHLD.
    I always appreciate another opinion so thanks for your suggestions!

  • Pingback: US Dollar Death « Sly Capital()

  • neutrino

    OK so I bit into this BS rally until about 2 PM today. Pulled the chute on almost all my longs(afam, celg, thor, pets), listening to that inner voice whispering from Polterguiste “get out !” I'm still holding a few recent oil dividend plays (BPT, PWE) which are really dollar shorts/commodity longs.

    About a week ago I started a blog with an emphasis on TA. I hope it's not impolte to post it here, if so my apollogies. However, it's http://www.speculativemeasures.com and I welcome all critiques. I do regret that posts thus far have been bullish, but up till not that's what my charts have called for.

    I'm more of a trend trader (3 months +) than a swing trader so this counter trend rally just makes me sick inside. I can't trade it and still sleep so out. My gut tells me that the next phase of the bear market is ever closer. I can't help but think the American standard of living has peaked.

  • http://www.SpeculativeMeasures.com neutrino

    redundant