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Strategies & Market Trends : BAK - Investing
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To: Zoso_17 who wrote (2678)5/15/2012 2:02:36 PM
From: XoFruitCake1 Recommendation  Read Replies (1) of 3249
 
Re: NE continues to slide

So much for my "buy below 35 and sell above 40" trading idea.
I think right now macro is asserting itself. Just like 2008/2009, nothing matter if macro does not head to the right direction. As far as I can piece together by watching 24 hours bloomberg/cnbc/cnn (slight exaggeration but not too far), the headline is Greece leaving Europe and the Spain/Italy/Portugual run is going to happen. China slow down is going to hit all natural resource play. And JPM fiasco hit the financial sector at exactly the wrong time. I would love to own Total here.. But it looks like there are more shoes to drop, so it is hard to go in front of the train and take the punishment...
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