I’m no economist, but if everyone is buying cars off of this Cash for Clunkers program, aluminum stocks must go higher. And I like Alcoa. Alcoa makes more money when cars are in production. Their earnings came in above estimates on their quarter based on the Chinese stimulus because they are buying cars. Now if [...]
This morning I was awakened to a huge rally, which I was not expecting. I don’t think anyone was expecting this rally, which means the market will probably go higher. There are alot of people not on the boat, and the train is already coming into the next station. Industrials are back [...]
It’s been awhile since my last post. I actually been trying to concentrate on this rollercoaster of a market. I got a little depressed when my portfolio went down 40%, but now I am back where I use to be. My portfolio value is about 10,000. It’s not alot but follow [...]
Crude oil inventories rose. MT totally missed estimates. It seems like bears will win today as market wants to turn. On bad news the market goes down and on good news the market barely moves. I believe we are going to go lower for the next couple of days. Sold my FCX, JOYG, XLK. I [...]
