Jim, everybody is on the "float" now....I am sure we will see another bail-out. Again, nothing gets fixed, just put off till the next inflection point.
One would thing that all this paper creation will, at some point, have an affect on the price of precious metals?
My natgas/crude dog RRC has bounced off of the $4 area pretty well, so far anyway. It was mentioned as a buy in Grants Interest Rate Observer recently. Of course, I already was an owner. grantspub.com
In the meantime, I think the market indexes are in for a substantial dump, like Dow 9400, naz 1650, QQQ 35
I opened some QQQ puts today, just in case I am right.
And since HDI was Forbes company of the year, and it hit a new high today, I opened some puts in it. FEB 50's
10x book for a vehicle manufacturer is a touch rich, Imo. |
