posted
This is the worst case of "market jitters" I have noticed in many years.
None can decide if we are to have a recession or to suffer serious inflation.
Overall, fairly good earnings reports, interest rates are still at 1950 - 1960 levels, employment is improving, but America is straddled with a new tax; high energy costs.
Appears almost all investors have a finger on the panic button and many are pushing it.
Personally, I am taking more serious risks than ever before, but am hopefully limiting those risks by sticking with strong profitable companies and with extremely fast day trading, in and out in no more than twenty-four hours.
posted
sold my Q calls, didn't like technical setup got the feeling it may hit 34 eve or below before the pop now so I bailed.
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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posted
gold broke its trendline, its arguable if inflation exists.
Worry: oil broke 50 bucks a barrel, markets didn't go up much at all....(went long on XLE thurs)
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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For long run, OIL and Gold is still a good investment.
The traditional summer gas consumption time for North America is coming soon. The traditional gold consumption season for Asia countries is coming next week.
USD will continue go weak. Canadian dollar and Australian Dollar will continue go bull.Although they will go down in a period of time.
Posts: 742 | Registered: Dec 2003
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posted
small attack, I am expecting oil to bounce, thats why I bought XLE on thursday at close
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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posted
Oil Industry Boom Likely to Continue Friday April 29, 6:16 pm ET By Michael Liedtke, AP Business Writer Oil Industry Boom Likely to Continue As Gas Prices Remain Above $2 Per Gallon
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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