<<I'm not surprised the commercials pulled some off the table. Especially with the DOW plummeting ... >>
chic ... I do not think you really understand. It is much more likely that what the commercials have been doing caused the DJIA to fall, not the reverse. The commercials determine, to a very large extent, what happens with our equity, financial and commodity markets. The markets do not cause the commercials to act; instead, the commercials cause the market to react. They are, according to their history that I have studied, almost without exception all powerful participants - almost never have they been wrong. Not many people understand that, but fortunately for my family, I am one of them.
The best thing about the commercials is that, every week, they are required to tell our federal government what they are doing ... and we in turn can receive that information three days later for our own consideration ... and for free.
As I write this, the DJIA is up 139+, the Nasdaq Composite is up 46+ and the S&P is up 18+. Where would you place your money on where they might be, say on July 1, considering where the commercials are positioned?
Disclaimer: The above is my personal opinion. I recommend that you do not base your investment decisions solely on any one person's views or analysis (including mine). Do your own research and take personal responsibility for your investment decisions.
Ken Wilson |
