Sitting thoughtfully in my 9th floor office, I put pen in mouth and reconsidered my choice of words.
When I began writing this, I thought I would entitle it, “Is That All You’ve Got,” in a plainly mocking theme. However, looking back to the start of this rally in October, I don’t feel entitled to mock anyone.
I missed out on a brilliant opportunity, mostly because I didn’t believe.
I still don’t believe, actually…
But that doesn’t give me grounds to slap around the market after a two day selloff. If or when we get back to $80 crude oil, then I may get a little…boisterous. But for the time being, I should probably just keep quiet and avoid being too much of a windbag.
Still, it is reassuring (in a negative way) seeing things turn around so quickly. It’s one of the main reasons I just can’t get myself to fully let loose hedges. If and when we turn, it will be so fast there probably won’t be time.
So while I really do wish I hadn’t lost money during this rally, I also don’t respect it enough to wish I hadn’t had the coverage.
This weekend I will be keeping an eye out for news from Europe. I’m hearing too much chatter about the Germans for my comfort. Everyone knows it’s their move, but the clock is winding down and naught.
Now enjoy your break, dear readers. Savor it; it will be only a short time until our next 9th floor chat.
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take care, Cain, till we chat again …
Right on.
Swift, but how low?
well said
Speaking of hearing too much chatter about the Germans.
I HEARD SOMETHING ABOUT DEUTSCHE BANK “DB” who knows the real exposure here? anyone? i believe it’s going to a great short ! someones going to fail ! …any links?
Why do you keep posting this run-on sentence?
Bartels says she’s seeing a “technical breakdown in broker dealers and money center banks – “we think they’re going to take out their October lows.” Not good for the sector.
The broker dealers have me worried. My own broker has been engaging in behavior that is…peculiar.
I’ve started moving money and assets out and around. Actually opened another account this week.
I will not trust everything to one group for as long as the sovereign debt crisis lingers. Too many idiots willing to risk their operation for an extra 1%.
Cain, Oct was the misplaced belief that the Global Govts could fix things. That BoE QE2 just was meat for all the people that have been feeding off that trade since 2009. Plus, Copper prices dropped enough to send china back in buying at a low level. Fly warned me, but I could see that QE to save the world wasn’t going to come and took the hit to see how it would play out. Bear Market rallies are rough.
You’ve had a great peg on that copper play, Nymph. Been watching you explore it since you started.
Good work.
Thank you Cain, but still in learning process..there are a lot of in’s and out’s to the Shanghai Copper Market.