Wednesday, March 21, 2007

The Great Humiliator Strikes Again

Ken Fisher likes to refer to the market as "The Great Humiliator" and it sure lived up to the name today. The shorts were absolutely destroyed today.

Once again, Tom O'Brien makes the right call. I could have sworn that he was wrong this time but at least I was smart enough to not short this market after the whipsaw of March 14th.

With the Fed leaning against rate hikes it looks like gold is going to explode. They would rather see inflation than slower growth, that much is obvious. Since I have some sizable student loans, inflation is just what the doctor ordered.
Oh yeah, we got our follow-through day today.

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