Markets are in freefall AGAIN......
Thanks to inaction by world leaders in taking any concrete steps to take world economy from a MAJOR SLUMP......
As usual "too many photo ops" & nothing to show for.......
Talk is cheap...it is ACTION which IS needed....but it take FOCUS & RESOLVE to deal with tough situations....SADLY no real leaders exist anymore......
In my portfolio :
When Oil was above $147 bought a short position in Nymex Crude..it is an ETF bear which tracks Nymex Crude prices.....this ETF started @ $25...but I bought today @ new all time low of $6.33.....Its symbol is HOD.TO
So my portfolio is AAPL,SOL & HOD.TO
AAPL Down $2.76
SOL UP 50 cents
HOD.TO $6.59.....I am UP 26 cents per share or 4.1% so far....
Oil bullish trade is a "very crowded trade"...It MAY end badly for some.....
@ 11.31 AM stocks which are UP includes ISRG,
MA(included in S&P500), JASO,LDK,ICE,JRCC,NDAQ,WYNN,AUY,
KGC,GG,ABX,VAR.
BLOG does NOT give buy or sell.
Saleem
4 comments:
Is anyone buying, this might be the capitulation that we all were waiting for?
Hi Troy,
Most traders/investors confidence has been bruised with this "ongoing bear market"
It will take few GREEN days to get people IN.....
Saleem
Another red day
Ouch
Can not hold up at all
AAPL took a nose dive, yuks
Visa crumbled and oil is still king
our fearless low IQ leaders' last words:'Goodbye from the world's biggest polluter'
President George Bush: 'Goodbye from the world's biggest polluter'
By Robert Winnett, Deputy Political Editor and Urmee Khan
Last Updated: 7:52AM BST 10/07/2008
George Bush surprised world leaders with a joke about his poor record on the environment as he left the G8 summit in Japan.
The American leader, who has been condemned throughout his presidency for failing to tackle climate change, ended a private meeting with the words: "Goodbye from the world's biggest polluter."
He then punched the air while grinning widely, as the rest of those present including Gordon Brown and Nicolas Sarkozy looked on in shock.
Mr Bush, whose second and final term as President ends at the end of the year, then left the meeting at the Windsor Hotel in Hokkaido where the leaders of the world's richest nations had been discussing new targets to cut carbon emissions.
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One official who witnessed the extraordinary scene said afterwards: "Everyone was very surprised that he was making a joke about America's record on pollution."
Mr Bush also faced criticism at the summit after Silvio Berlusconi, the Italian Prime Minister, was described in the White House press pack given to journalists as one of the "most controversial leaders in the history of a country known for government corruption and vice".
The White House apologised for what it called "sloppy work" and said an official had simply lifted the characterisation from the internet without reading it.
Concluding the three-day event, leaders from the G8 and developing countries proclaimed a "shared vision" on climate change. However, they failed to bridge differences between rich and emerging nations on curbing emissions.
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