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17-Mar-08

Reaping the whirlwind

There is no bottom to the US$.  It actually upsets me to see what is happening as I am a patriot and love my country.  From the same executive that brought you the Hurricane Katrina response and the Iraq War we now have the Financial Crisis of 2008.  It is unfolding too quickly for the Fed to react, and the result of their actions to date is indisputable:  a massive increase in the US$ inflation rate.  Don't have a commodities account so buying the Jim Rogers Agricultural index and the DBC.  Shorting SNV, STI, BBT, and CMA, trying to add to short positions in SNV, STI and BBT.  Once they are trading at 70% to 80% of book value will reassess the situation, since BBT is currently at 130% of BV, and STI and SNV are both above 100%...I need to open a commodities account.  Cocoa, sugar, coffee, wheat oy vey is Starbucks going to get expensive...if you have access to a NZ$ account, by all means start moving your US$ into New Zealand.

Tagged Stocks: BBT, CMA, SNV, STI, SBUX, DBC, RJA

 

Posted at 02:04 in Market Report  |   Permalink   |  Top

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