sundrenched

Wednesday Outlook: Commodities, Emerging Markets

Martin Wolf of the Financial Times has a very nice column today. He found exactly the right word to describe this situation: "depressing".

Just more of the same dithering, with the underlying cause money politics. Them lobbyists sure were worth every cent. As for Tim Geithner, I'm beginning to fear his ultimate goal is a multi-million dollar job after his stint in the treasury. I do hope I'm wrong, but what we're seeing so far doesn't make me optimistic. As for Obama, is this what he meant by "change you can believe in"? I'm gonna be sick.

Friday Outlook: Commodities, Emerging Markets

I was in SKF mid July. Do note you can find yourself in the mother of all short-squeezes with these ultrashorts. At some point in the collapse I put in a market sell order and I just couldn't get it to go through. By the time it got executed the price dropped more than 20 dollars.