Sunday, November 29, 2009

Dow at 250,000 and Copper Short

Well I have been waiting for this, and why stop at Dow to 36,000.....go directly to 250,000 per the Motley Fool.   And would you really take investing advice from people who call themselves the Motley fool?

More bullish tomfoolery.

And anatomy of a copper short.  Using futures because a big move may happen tonight and I don't really know the miners, just FCX which is highly gamed.

They call it Doctor Copper.  And this Doctor ought to be taking handyman jobs on the side to pay the mortgage on his McMansion, but nooooooooooooooooo.....Copper has made a tremendous run up yet industrial and house building demand is not that hot. 

It's trading, and perhaps its trading too high.

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Insightful and Useful Comment!