Friday Outlook: Commodities, Emerging Markets
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<< Return to page 1 - Still a Bear
Just when you thought it safe to go in the water more trouble rains on bulls. The bad news from AIG (AIG) shouldn’t surprise anyone, nor should unemployment claims, consumer credit card debt problems or poor retail sales and outlooks.
Again, those with big dough on trading desks and hedge funds know how to move nimbly. One minute they’re long and pounding the table to buy and the next they're short.
No trend follower likes trading range markets. They offer nothing but a series of small losses [if you’re disciplined] and ultimately frustration. But, we may just be at that waypoint where bears will reassert themselves.
Have a pleasant weekend.
Disclaimer: Among other issues the ETF Digest maintains long or short positions in XLV, RXL, IEF, PST, TLT, TBT, DBC, DEE, USO and RSX.
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This article has 5 comments:
ng
I wont mention todays joke.