Friday Outlook: Commodities, Emerging Markets

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Just when you thought it safe to go in the water more trouble rains on bulls. The bad news from AIG (AIG) shouldn’t surprise anyone, nor should unemployment claims, consumer credit card debt problems or poor retail sales and outlooks.

Again, those with big dough on trading desks and hedge funds know how to move nimbly. One minute they’re long and pounding the table to buy and the next they're short.

No trend follower likes trading range markets. They offer nothing but a series of small losses [if you’re disciplined] and ultimately frustration. But, we may just be at that waypoint where bears will reassert themselves.

Have a pleasant weekend.

Disclaimer: Among other issues the ETF Digest maintains long or short positions in XLV, RXL, IEF, PST, TLT, TBT, DBC, DEE, USO and RSX.

Comments

[truthinvesting:]

Im not a "bull" as much anymore as I took prpofits in 3 or 4 stocks this week on the rally.My free website has my documented double digit growth .This market can be lethal if you pick the wrong stocks and sectors. Iam nota chart person but find all this data interesting

2008 Aug 08 07:04 AM

[CLH:]

Keep the charts coming. You are right we are still in the bear by definition (-20%). However, the July 15 bottom still looks good.

I wont mention todays joke.

2008 Aug 08 08:07 AM

[dc1:]

I will...mention the joke. I thought it was funny. Not as thought provoking as the first one, but funnier. Keep them coming. We all need something to laugh at in this market. Otherwise it is just more tears.

2008 Aug 08 01:43 PM

[smokey888:]

Ooops, da bear looks like da bull. Oh well, win some .... sometimes.

2008 Aug 08 02:06 PM

[pchris:]

smokey888- The Bear headlines is SA editors at work and not the author, methinks.

2008 Aug 08 09:18 PM