Indices are showing second day of renewed strength....Nasdaq which was laggard yesterday is UP the-most today......
Fed chief had upbeat assessment of US economy and said no chance of double dip....mantra of Roubini,Rosenberg & shorts.....
Gold down $19.70
Oil UP $2.70
Canadian $ UP 73 tick to 96.19
In my portfolio :
Doubled my position in CNQ @ $35.18
Portfolio is CNQ,CRUS,LVS,SNDK,SOLF,TCK.....
90% invested.....
Majority of stocks are UP
VIX Down 9.61%
BLOG does NOT give buy or sell.
Saleem
2 comments:
Saleem,
I heard on the news, Bernanke said that double recession cannot be ruled out. However, he expects that will not happen. It is tough to read between lines.
I am holding and in the money with CLF. Will CNQ be a better play?
Michael
Hi Michael,
Fed chief will alway's cover for their belief....they cannot make 100% guarantee for any economic scenario....so you have to take their statement in jest.
CNQ is a Canadian Oil & Gas producer....tar sands is their big play...which is coming into vogue because of BP oil mess....
CNQ is a very good operator also ....
I do not know CLF ..so cannot give a comparison....
Saleem
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