tag:blogger.com,1999:blog-2335748440449035592.post1218939420705169299..comments2008-06-10T16:23:00.481-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2335748440449035592.post-51216299993719734332008-06-10T16:23:00.000-04:002008-06-10T16:23:00.000-04:00As I told another reader (svk I think) replace word "knife" with "commodity selloff" in this video.<BR/><BR/>http://tinyurl.com/3uusjm<BR/><BR/>When I feel like throwing up, then THAT's a sell off<BR/><BR/>Coal stocks are back to where they were... way back... Friday. Whew, what a selloff. ;)TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-79468331412354818252008-06-10T16:07:00.000-04:002008-06-10T16:07:00.000-04:00did not add to MTL? Touched 50 sma again @ 50.5<BR/>Or are u waiting for braoder selloff in commodities?praveenhttp://www.blogger.com/profile/13667970151880837018noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-56057330830883147252008-06-10T13:55:00.000-04:002008-06-10T13:55:00.000-04:00No, he said THEN just as he says TODAY that as US slows inflation goes away.<BR/><BR/>He still lives in the 1980s where the US is the center of the universe<BR/><BR/>Plus we have no wage inflation here which is great for "inflation figures" but terrible for humans living in America who need to deal with those costs, but dont get the wage increases they got the last time this happened (70s/early 80s)<BR/><BR/>Tough for them.<BR/><BR/>But when he was cutting in the fall/winter he said inflation would dissipate by (drum roll) 2nd half. Same verbage he uses today<BR/><BR/>2nd half 2008 is really shaping up to be the best time of all our lives - EVERYTHING will be going right by then. 3 weeks from now.... cannot wait.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-56890336237820826982008-06-10T13:18:00.000-04:002008-06-10T13:18:00.000-04:00that is what I was thinking when Mr.Ben commented on inflation.<BR/>Dint he know that by raising rates and flooding country with money leads to inflation.<BR/>There was no need for him to cut rates so aggressively and leaving little ammunition with him now.<BR/><BR/>Did he just read that <BR/>more flooding with cash = more inflation? hahahapraveenhttp://www.blogger.com/profile/13667970151880837018noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-5992162885216077712008-06-10T12:07:00.000-04:002008-06-10T12:07:00.000-04:00I dont need a 4th Indian position - already have 3. Double bottoms are only double bottoms if they hold :) We have not seen the bounce yet haha.<BR/><BR/>I did buy a small slab of SLT but nothing material. Waiting and watching. I'm in no rush. If crude somehow continues to levitate India is at great threat as is the global story. It makes no sense to me for crude to rise like this but logic never meant anything. It makes no sense for TSL to drop from $51 to $37 on a 3 cent beat either :)<BR/><BR/>It's all about the crude now... and our central bankers "now" start talking about inflation threats - what a country.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-51444960506221089042008-06-10T12:04:00.000-04:002008-06-10T12:04:00.000-04:00Indian market is showing a double bottom (1st bottom in March).<BR/>Interested in picking IFN?<BR/>It is heading towards 39 (1st bottom in March).praveenhttp://www.blogger.com/profile/13667970151880837018noreply@blogger.com