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Strategies & Market Trends : Natural Resource Stocks
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To: crustyoldprospector who wrote (3021)11/6/2003 11:08:41 AM
From: yard_man  Read Replies (1) of 108787
 
no -- treasuries have failed to sell off (needed at least 44.75 -- to keep hope alive) -- first on GDP and now on CSCO and jobs -- this marks an important turn for the markets as a whole -- it's bearish. Big money is no longer buying the recovery bull-oney.

If I were a little more wild I'd add to index puts here -- dollar correction about done as well. I'm buying more miner calls. Within 2 days of a bottom, IMO.
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