Thursday, November 30, 2006
At the same time, I feel the energy sector is the only place to invest, right now. It is an effective hedge on a declining dollar and may hold value in the face of a broad market decline.
Today, I witnessed a mind boggling run up in the Homebuilders. Stocks like SPF, PHM and MTH flash fried the "broketarded" shorts. I still feel CORS and EXP are great ways to play the Homebuilders, without actually having build the fuckers.
In addtition to the "homies," select Metal stocks had big gains, such as ERS and TIE. I suspect takeover speculation is fueling those fires.
Bottom line: Today had the feel of major short covering, instead of natural buyers. Until the dollar firms, I will stick with the oils.
NOTE: Can someone get this for me.
Did you see the short squeeze go down in TSCM?
over 2 million short prior to today.
1.5 mil traded today
You may not like Cramer but his new book combined with him canceling his radio show to add more video updates to his website should bump traffic to thestreet.com. Add rev should grow as his popularity only seems to grow by the day.
As does yours by the way!-fucker
Can you recomend a good core mutual fund for an IRA with an anticipated retirement in 30 years?
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