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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: CommanderCricket who wrote (103669)	6/25/2008 11:26:22 AM
From: dvdw©	Respond to of 206092

Actually its more, consumers are driving less miles, which accounts for the growing buildup of supply......heard domestic refiners are exporting excess......production. But who knows chaos rains.

To: CommanderCricket who wrote (103669)	6/25/2008 11:35:57 AM
From: energyplay	Read Replies (2) \| Respond to of 206092

>>"The Street is rolling out of energy and into financials" << Yep. Look at a chart for the bank index, BKX. I bough a little Bank of America BAC for a trade. A short term trade. Dividend currently 9%....but even if that is cut 35%, that is still a good dividend. Price is 0.85 of book. There are worries about their purchase of Country wide. Of course, we taxpayers may bail out the housing market ;-) Or, let's tax the oil companies, and use the money to bail out housing speculators. Please do your own do diligence.

To: CommanderCricket who wrote (103669)	6/25/2008 4:20:45 PM
From: chowder	Respond to of 206092

>>> The street is rolling out of energy and into financials. <<< It's not a bad idea actually. They aren't liquidating their positions, simply rolling some profits into sectors that have taken a big hit and should bounce nicely once the economy starts to turn. (Not saying that is going to be very soon.) The Street likes to diversify a little. Unlike the retail trader, most of the Street can't be 100% invested in any one sector. I expect, in addition to financials, some of their energy profits are going into real estate investment trusts that aren't tied into the sub prime market.