Tuesday, December 15, 2009

Oil and Gold

Oil has fallen for nine straight days. Gold is also breaking here. Remember, when commodities go, so will the market.

It will make last March look like a dress rehearsal.*

I am VERY short. I am accumulating EEV (ultra short emerging markets) at an average cost of $13 per share. I also hold Sears puts with a March expiration.

I can't tell you exactly when this fall is coming, but it's coming.

*Trade at your own risk. This is a very risky environment. If you are trying to just hold on to retirement money, stay in cash or VERY high quality LONG-TERM bonds.

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