Friday Outlook: Commodities, Emerging Markets

<< Return to page 1 - Watching Paint Dry
















































Okay, that wraps it up for me this week. Anything can happen over the next two days. But, “watching paint dry” as bulls do their thing can be annoying and frustrating. I do believe that these long “congestion” areas well defined in many annotated charts will start ending beginning Tuesday. That’s not a prediction, just my sense of things barring unforeseen news.

Jimmy Cayne will probably be “Grasso’d” as he unloaded all his stock perhaps between bridge hands. This will sell papers as there’s probably a lot more to come from this story.

Have a great weekend!

Disclaimer: Among other issues the ETF Digest maintains long or short positions in SH, MYY, RWM, IWM, PSQ, DVY, IEF, UDN, GLD, USO, DBE, UNG, EFA, EEM and FXI.

Comments

[phdinsuntan...:]

funny and brilliant at the same time!

2008 Mar 28 06:23 AM

[fjd10595:]

"Grasso'd" - defined as "going after a CEO who has engaged in legal theft from shareholders". At least they sleep at night as they take (steal) their undeserved million dollar paychecks and mismanage their companies.

2008 Mar 28 08:04 AM

[rast1:]

Guess finally we´ll have our short rally the fed has avoided so far... cause also their paint´s drying fast.

2008 Mar 28 09:27 AM

[poet1:]

David, Any chance that you could also cover SRS? Not that you don't have enough on your plate. Thanks, your fan.

2008 Apr 01 03:32 AM