Wednesday, September 07, 2011

20110907 1252

DOW 11,337.06 +197.76
NASDAQ 2,530.24 +56.41
SP500 1,190.70 +25.46

World stock indices bouncing. Oversold equity bounce or more sustainable? When to buy relative performers?
German court ruled further bailouts are OK. Buy Germany via EWG or SAP?
Silver underperforming. Gold apparently manipulated lower. Hesitant about silver.
Many people want to short US government bonds. The manipulation can continue by the Fed. Wait a month.

Watch if indices hold their gains today. Metals recovering somewhat.

AGQ 226.91 -4.17. Went long tiny position at 227.3.

No comments: