Image: Kilauea’s Cauldera, Halemaumau, active. Source: Meghan Purdy
Image: Lava flow from Kilauea entering the sea. Pretty awesome. Source: Meghan Purdy
I just got back to Boston after a weeklong field trip in Hawaii and, holy shit, what a terrible week to miss. FRE, FNM, and LEH all go belly-up, both Galveston and commodities get flattened by Ike, and Tom Brady blows out his knee. Crap.
Fortunately, I cleaned out and hedged my portfolio before I left and did not suffer too egregiously, although I am still holding VLO, CHK, and UNG. Covered my LM short this morning at 36.25 for a tidy 20%. Hat-tip: Fly.
The tropics are very quiet right now, but a pattern shift will occur early next week that will make tropical development more likely. I will have a complete discussion of this, as well as a lengthy commentary on the current commodities situation, especially as it compares to 2005, sometime tomorrow.
Image Source: Bill Patterson
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Excellent photos. Welcome back… you’re not allowed to go out of town on field trips to volcanos anymore, clearly these trips are correlated with severe market meltdowns. 🙂
Nice pics. I am thinking of going to Oahu in about a month to watch my son play a golf tournament.