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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST

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To: TobagoJack who wrote (29564)2/16/2008 9:23:16 PM
From: carranza2  Read Replies (1) of 217605
 
Agree wholeheartedly.

Have been buying more SKF in the last few days.

Sold original FXP position bought in mid70s at mid 90s after holding about 2 1/2 weeks. Looking to get back in, and will truckjack Mq's Tonka if it ever gets in 70s again. Will probably buy some in low 80s, where it seems headed.

Bought SRS which will also become as juicy.

In a word, macro has not changed nor has the prospect of the coming direness sunk in at elemental gut level. When a Treasury Sec. says the worst has not yet come close to happening and the market shrugs him off, then I know fools are still in control. And when Abelson doesn't even mention it, well......al of which is peachy and fine because it gives us additional time to refine strategies, do the necessary..

BTW, good friend bought big manse super cheap, tried to tap into his munis to pay, found out Friday he couldn't do it thanks to auction BS mentioned in your linked article. Talk about pissed.
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