Thursday, July 3, 2008

The 4th

Hey everyone, I am out for the 4th. I have been running around like crazy the last 48 hours.

Today didn't mean much in the markets though there was surprisingly heavy volume for such a short day. In general you are seeing people moving money out of oil and materials now. Next week it will be very interesting to see if that continues. We may getting close where it is time to start looking at shorting overvalued energy and agriculture names. Let the momentum guys verify they have had enough and then start shorting on the way down.

Have a great 4th and God bless America.

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