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Thursday Outlook: Commodities, Emerging Markets

by: David Fry August 07, 2008 | about stocks: DBA / DBB / DBC / DEE / EEM / EFA / EWZ / FXI / GDX / GLD / IFN / MOO / RSX / SLX / USO / XLE

David Fry

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<< Return to page 1 - Bullish Leanings

To repeat, Da Boyz club is closed to you and me. They play from the big stack of chips courtesy of their primary dealer status. Despite the flow of crummy news, when you have this many chips you can push things any way you want. Stay away. There’s nothing wrong sometimes with being a spectator which is why we’re nearly 90% in cash.

Yesterday was only Wednesday and we still have two days left in the week - but bulls are definitely in charge as long as commodity prices, led by oil, keep falling. The rest of the news is terrible but ignored for now. Da Boyz play today and we pay later.

Have a pleasant day.

Disclaimer: Among other issues the ETF Digest is long or short XLV, RXL, IBB, IEF, PST, TLT, TBT, DBC, DEE, USO, and RSX.

Country Default Risk Rises Across the Board Dec 04, 2008
Country Estimated P/E Ratios and Dividend Yields Dec 04, 2008
A Fast Fall for the Russian Ruble Dec 04, 2008
Thursday Outlook: Commodities, Emerging Markets Dec 03, 2008
Brazil: One of the Best Opportunities in Emerging Markets Dec 03, 2008

Related Stocks:

DBA, DBB, DBC, DEE, EEM, EFA, EWZ, FXI, GDX, GLD, IFN, MOO, RSX, SLX, USO, XLE

This article has 5 comments:

Aug 07 07:20 AM
The most entertaining and informative financial poster,ever!Thanks.

I've been trading for over 30yrs ,but I can't hang with the Boyz.Good advice..
Reply
Aug 07 07:25 AM
Great information (I agree with most of your remarks). I loved the remark on how a farmer can double his income (put up another mailbox.
Reply
Aug 07 07:28 AM
Great posts as always, I thought I was conservative at 50% cash, 90%?

Question: any thoughts on the TBT or PST - inverse 10-20 year treasury ETF?

Reply
Aug 07 08:21 AM
Thanks........"bu... it cheap"......I have no thoughts on TBT or PST other than we're long some. "Thinking" is dangerous.
Reply
Aug 07 09:32 AM
Put up another mailbox? I thought that was what Chrysler, banks, brokerage houses, etc etc did.
Reply

More Comments on GLD »

More by David Fry

Thursday Outlook: Pump Up the Jam
on Dec 03, 2008 | about IYR,IWM,IEF
Thursday Outlook: Commodities, Emerging Markets
on Dec 03, 2008 | about EFA,EEM,DBC
Wednesday Outlook: Volatility on Steroids
on Dec 02, 2008 | about IYR,IWM,IEF
Wednesday Outlook: Commodities, Emerging Markets
on Dec 02, 2008 | about EEM,DBA,DBC

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