Welcome to Slider's Dugout Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Welcome to Slider's Dugout

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SliderOnTheBlack who wrote (9537)	7/23/2008 9:01:44 AM
From: SliderOnTheBlack	Read Replies (6) of 50084

Deleveraging.... I like the risk:reward in the nat gas short better than oil. It broke first, and is at a critical pivot point right now, with $7/$8 waiting in the wings. Now down -21% since the 4th of July. And it's not just nat gas & oil... the CRB is down -10% since the 4th of July. With the US Dollar holding up (for now) and forming a base, gold is actually hanging tough, and continues to be stronger, and less volatile than the gold stocks. I think Bernanke is letting the recession play out, which in turn is collapsing commodities, and when/if oil breaks $110ish...and if we see any positive economic indicators and a stable DOW... we'll see our first rate hike. Amazing how the rise in oil and the collapse in financials, brought the markets to the brink of collapse, and have now turned on a dime... like doing a U-turn with the QE II. Later tonight I'll try to post some interesting anecdotal evidence of a serious shoe yet to drop... major cutbacks in state and local governments due to huge budget shortfalls. Major layoffs coming from the public sector... We shall see if Bernanke & Co. can manage this de- leveraging phase without having to massively re-inflate to stop the carnage. SOTB

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next