Kip,
EGGS seems to be slowing down today so I'm not sure what direction it's taking. I've also been taken aback by all the recent internet crazes. But it smells too much of a mega-bull trap. You know, everybody feeling comfortable and jumping in and then one October day, boom, everything goes back down... Or maybe not, but with Japan in dire straits, the global economy on shaky grounds, and mediocre to bad earning expectations for the blue chips for the next two quarters, I don't know how long the party can last.
I may join in the party and go up with some of these clowns, but I'll be very careful.
As for LBOR, it seems to have a difficult time breaking 18 and staying there. There are a lot of large trades (10,000-60,000) that are keeping this dog afloat, but go figure who it is that's buying... But I figure that sooner or later they will have to sink. We'll see.
Best of luck,
Rommy |
