HI, I am curious what people think about SKF/UYG tomorrow. I can't help but think that no matter what the fed does, financials will put a positive spin on it and we will see UYG up and SKF down. If they do cut rates, it will probably more business for financials, and if they don't, it will be (inaccurately) seen as a strengthening of the dollar, making financials stronger. Either way, I can't help but wonder if I should get out of at least some of my SKF position and make a bigger UYG play, but wonder about timing. Today? Tomorrow am? Any thoughts?
3 comments:
That's a tough one Joe. I've got no chart in front of me however, emotion appears to rule at present. I don't sense any sizable fall near term.
Important thing to remember Joe, Chindia will more than offset any drop in US demand. ;)
HI, I am curious what people think about SKF/UYG tomorrow. I can't help but think that no matter what the fed does, financials will put a positive spin on it and we will see UYG up and SKF down. If they do cut rates, it will probably more business for financials, and if they don't, it will be (inaccurately) seen as a strengthening of the dollar, making financials stronger. Either way, I can't help but wonder if I should get out of at least some of my SKF position and make a bigger UYG play, but wonder about timing. Today? Tomorrow am? Any thoughts?
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