Thursday Outlook: Commodities, Emerging Markets

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For investors on Main Street, things must be very unsettling - if not scary. But, as usual tomorrow is another day and the week’s not over. This market is becoming one gigantic thrill ride at the Pipeline.

One thing that always bothers me is pundits and others complaining about people [er, like me?] who short stocks from time to time and cheer bad news. I can be sarcastic and downright cynical as many know, but I don’t cheer bad news. However, it’s never mentioned by bulls cheering as large companies layoff thousands of workers, causing that stock to rise. It can be odd sometimes.

Anyway, the job is to describe conditions as I think they are and communicate that to you. Let the chips [blue?] fall where they may.

Have a pleasant evening.

Disclaimer: Among other issues the ETF Digest maintains long or short positions in: SPY, SDS, MZZ, IWM, TWM, QQQQ, QLD, XLY, SCC, XLI, SIJ, XLB, SMN, IYR, SRS, GLD, DBP, DBA, DAG, EFA, EFU, EEM, EEV, ILF, EWA, EWC, EWZ, RSX, FXI, FXP, EWJ  and EWV.

Comments

[Mister C:]

No where in the article does David Fry call for another wipeout today. SA editors are pathetic. That is why I stopped submitting articles.

2008 Jul 10 08:29 AM

[Mathman Pro...:]

Mister C,

Aside from some charts, which I challenge the author to make a prediction on and post the outcome of those predictions, the author doesn't make any point at all. There's no content here whatsoever, other than him commending himself on, allegedly, correctly betting against the market. The editors should've omitted this inane article altogether, instead of trying to justify with a meaningful headline.

2008 Jul 10 08:50 AM

[ezrasfund:]

Better check your figures on SRS again! That was plus $12.36 yesterday or 13%.

2008 Jul 10 08:50 AM

[pchris:]

Mathman, you need to be reading Cramer's blog in order to satisfy your urge to challenge.

2008 Jul 10 09:38 AM

[Vin:]

Thanks for compiling the charts. It saves me time as I can quickly look through and pick up on possible emerging trends.

2008 Jul 10 10:17 AM

[Mark W.:]

I love this column. Great daily review of where things stand technically. Fry makes his point of view clear but mostly lets the charts speak for themselves. Unlike some critics, I'm not looking for him to tell me how to trade. That's my job. But kudos to him for these compilations and I enjoy the pithy comments too.

2008 Jul 10 10:57 AM

[Urbane Gori...:]

Nice charting - Very appreciated.. jegan ;-)

2008 Jul 10 12:15 PM

[Art L.:]

User 217958: I'm with you! Fry provides excellent technical info, and relative analysis, that is extremely valuable to me. I thank the SA editors for including him, and look forward to his info every single day. 'Nuff said.

2008 Jul 10 12:23 PM

[proseadvocate:]

I like Fry too. Most of us serious investors don't just want to hear Mad Max Cramer pontificate and then complain about investors after his perenial bull drivel falls far short of making money. If he was so good at hedging, why didn't he retire rich by now?

2008 Jul 10 01:57 PM