Smoking Securities

Half Baked High Finance

State Of The Market

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Even with today’s negative action, my indicator was positive.
We’re at the levels that preceded the last down leg. Will it be different this time?
Short treasuries and short gold is breaking down, so people are still shunning risk.
The yield on the 30 year looks ready to make new lows.

I’ve been too busy to trade the last few sessions as I focus on other income streams. The action still looks choppy, but buying the dip is not crazy. Risk management remains critical in this volatile environment, but if you’ve made it this far, you know that already.

Written by chucklesamadeus

December 9, 2008 at 7:32 pm


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