It SHOULD tank financials, and broad market should go down hard too. Check out tickerforum for details (there's a link on Joe's main page...on TF there are about 4-5 threads covering just LEH!)
Has nothing to do with energy; lack of refinery destruction by Ike may actually cause oil to drop more.
I don't know what exactly you are holding, but if it's goldstocks (like me) I am holding those longterm as I believe we will hit hyperinflation after the deflation we are in.
I also am short financials via SKF (which should be up tomorrow), and have UNG long position (bought before Gustav)...
I don't have any gold unless you count FCX. I also don't short... don't really understand it. I play long mostly. I like the solars and natural gas. I also own a tech (jnpr) and then a few pennies.
6 comments:
Will that effect stuff like FCX or energies? Financials only, market wide?
It SHOULD tank financials, and broad market should go down hard too. Check out tickerforum for details (there's a link on Joe's main page...on TF there are about 4-5 threads covering just LEH!)
Has nothing to do with energy; lack of refinery destruction by Ike may actually cause oil to drop more.
shit. I'm tired of losing money.
Ok I don't really understand what's going on... I went to TF but everyone is all in a panic. Is it time to sell everything and just accept the losses?
I don't know what exactly you are holding, but if it's goldstocks (like me) I am holding those longterm as I believe we will hit hyperinflation after the deflation we are in.
I also am short financials via SKF (which should be up tomorrow), and have UNG long position (bought before Gustav)...
I don't have any gold unless you count FCX. I also don't short... don't really understand it. I play long mostly. I like the solars and natural gas. I also own a tech (jnpr) and then a few pennies.
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