Monday, June 23, 2008

20080623PM

DOW 11,842.36 -0.33
NASDAQ 2,385.74 -20.35
S&P 500 1,318.00 +0.07

Gold down 18. Rumored forced hedge fund selling.

Sold the short index positions.
Went long an index.

Barron's cover story inferred that oil is peaking. The article, in my mind, glossed over why oil won't significantly retract - the weak US dollar.

Some highlights in Barron's over the weekend:
USG 31.22 -1.42.
PIR 4 -.8.

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