1 reply to this topic

[andiron]

w/ many bears already taken to slaughterhouse and being conditioned to doubt their position, the least path of resistance, post FED, is likely to be down..could be 100+ down DOW in the first blush... in the IT, i still see 50-100 ES/SPX points down before another rally ensues before O's reelection... FED is likely to mumble ...would like to ease further if economy deteriorates....may not even do anything except utter bearslaying words.... OIL etc, perhaps withing 2-3 months, will expose the lunacy of present FED policy........

Edited by andiron, 13 September 2012 - 11:22 AM.

[CCL]

lots of event risk on oil right now. I took some october OTM USO calls a little bit ago as an event hedge more than anything else.