It is now 2:38pm in Michigan, and the market is yet to bounce. Could today be the day that the market finally refuses to erase an entire day’s worth of losses?
I’m not holding my breath. People want to rally to Christmas, so short of impending catastrophe, I guess we’ll rally to Christmas. Although I will add that breaking necks for the third time this year, going into the holidays, is exactly the sort of dick move that this year would pull before closing out.
I still hold my oil short, energy short exposure through ERY, euro short exposure through EUO, and will add SCO when the levy finally breaks.
I’m also not changing up my longs, still holding AEC, CLP, AWK, BG, CCJ, and physical silver.
Today, CLP sold off some office buildings and acquired even more Class A multifamily apartment units. I’m ecstatic.
Also, check out AWK. It recently broke out to new highs. Trading above $31, and still paying out 3% annum, the stock remains an attractive utility play. It’s been very resilient to the news flow.
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Michigan is EST? Interesting
CT-something for your consideration. Last week 12 month gas fwd hit $4. First time in 8 years. SWN ? and a bunch of other dry gas names.
I’m not very familiar with the natural gas space. I’ve only dabbled with it in the past (PNY was the last time, about two years ago).
Right now, I’m overcomitted to existing strategies to pick up another; but I’ll take a look around if I get the time.
IF oil can drop a few more %, ill be on board with a oil short. Till then Im just going to watch.