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
Saleem,
ReplyDeleteI 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,
ReplyDeleteFed 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