Wednesday Outlook: Commodities, Emerging Markets

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Yes, it was another messy day. I’d expect more like this but stocks are getting somewhat oversold as the negative breadth data builds.

You know we could have a little fun or even a contest. With all due respect to lyricist Gus Kahn, you could try your hand at editing this old standard to suit current financial market conditions and your own attitudes. Go ahead folks, knock yourself out!

MAKING WHOOPEE

Another bride Another June
Another sunny honey moon
another season, another reason
for makin' whoopee

Alot of shoes alot of rice
the groom is nervous he answers twice
its so killin that he's so willin'
To make whoopee.

Picture a little love nest
down where the roses cling
Picture the same sweet love nest
Think what a year can bring.

He's washing dishes and baby clothes
He's so ambitious he even sows
but don't forget folks that’s what you get folks
for makin whoopee.

Another bride Another June
Another sunny, a sunny honey moon
another reason, is that season
for makin' whoopee.

A mass of shoes, a gang of rice
the groom is nervous that he answers twice
its so Killin this cat's so willin'
To make whoopee.

Now he's washing dishes with those baby clothes
He's so ambitious that he even sows
but don't forget folks that’s what you'll get folks
for makin’ whoopee.

But don't forget folks that’s what you'll get folks
for makin’ whoopee.

Disclaimer: The ETF Digest maintains positions in TLT, TBT but not much in the way of “whoopee”.

Comments

[User 114137:]

cannot display any charts, 2nd day of problems.

2008 Jun 11 09:34 AM

[old fogey:]

All charts (2 pages) @ 10 am, showing.

2008 Jun 11 10:02 AM

[adan:]

re: "The Fed tossed in another $31 billion to the banksters yesterday and they know just where to route it--right to the trading desks."

if this is our (tax-payer) money, any and all funds these guys get should only go to debt reduction

if they wanna float someone, they can send me enough monies to make me financially independent :-)

2008 Jun 11 10:08 AM

[specks:]

Looks like maybe oil has finally reached its zenith. If this observation is correct and that a decline is imminent, how low will it fall and how long will it take?
A .382 retracement should have oil land somewhere around $78.50. A more normal decline of .50 will rdeuce it to $63.50. And of course, the ultimate in investor FEAR will zoom it down to $40.50!!
What say ye analysts??

2008 Jun 11 10:39 AM

[Bear Stocks...:]

This market is tailor made for short-selling stocks or buying inverse ETFs. We are finding some great short-selling opportunities in stocks like SUN, CAL, GM, UBS, DHI, TSN, DFS, GNW and MGM. Check out website for more info.

2008 Jun 11 11:38 AM

[davemcc3300:]

Inverse ETFs? How about Hugoton Royalty Trust (HGT)? Charts like a S&P contrarian, is linked to XTO nat gas profits (nice chart there), and pays a 10.5% div yield at current price ($34.65).

2008 Jun 16 02:01 PM