Archive for September, 2009

• Weekend Reading 9/19/09
  Posted by Leigh Drogen on September 19th, 2009 at 12:58 pm, Comments: 0

  The market is not the economy people, these are two very different things, and if you can’t wrap your head around that you are going to be lost in the wilderness for some time to come.  The American economy is still in shambles, we are experiencing a technical GDP recovery based on inventory restocking after [...]

• Unnatural Gas: Postmarket Update 9/17/09
  Posted by Leigh Drogen on September 17th, 2009 at 5:14 pm, Comments: 0

  I went short natural gas today via UNG.  Want to smack me in the face, tell me I’m an idiot, that it’s just too cheap, that it can’t go down anymore.  Bahh, I’m sick of that crap.  The only person who I know that has actually made money in UNG over the past few months [...]

• The Dollar Screams Uncle: Postmarket Update 9/16/09
  Posted by Leigh Drogen on September 16th, 2009 at 5:10 pm, Comments: 0

  I’m going to continue to say it, the equity market isn’t going down until the dollar finds support.  When or where on the chart that happens is anyone’s guess.  The AUD is flying along with the EUR and I don’t see a reason for that to change right now.  What’s more, if the CAD breaks [...]

• Be a Loonie: Postmarket Update 9/15/09
  Posted by Leigh Drogen on September 15th, 2009 at 5:42 pm, Comments: 0

  The US Dollar continues to get pummeled.  The AUD, CHF, and EUR look like they are about to take another leg higher and further away from their breakout levels surpassed two weeks ago.  The last two major holdouts are really the GBP and CAD.  I am licking my chops to get short the GBP if [...]

• Go Ship Something: Postmarket Update 9/14/09
  Posted by Leigh Drogen on September 14th, 2009 at 5:16 pm, Comments: 0

  I’m scared, scared of two things, a melt up and the fact that so many charts look so bullish right now.  Back in July when we were putting in the right shoulder to what looked like a textbook head and shoulders top, a lot of stuff looked really bearish.  Honestly, I was caught short and [...]

• Late Night Humor
  Posted by Leigh Drogen on September 14th, 2009 at 12:33 am, Comments: 0

  Guess that ribbon never got cut.  How many cents on the dollar are most “toxic assets” trading at these days, if at all?

• Weekend Reading 9/12/09
  Posted by Leigh Drogen on September 12th, 2009 at 8:18 pm, Comments: 0

  I was in the Apple store for the first time in a while last week.  The second I walked in I felt like part of a cult, a technology religion cult.  Wait, on second thought, I felt more like an undercover cop inside the mob, I still use a Dell, I was scared someone in [...]

• After 9/11 – A Lack of Rational Thought
  Posted by Leigh Drogen on September 11th, 2009 at 8:43 am, Comments: 0

  I was a sophomore in high school on September 11th 2001.  I remember hearing of the first tower being hit while in Latin class, I remember being completely stunned.  I knew people who lost parents in the towers, it almost felt like a dream that we would wake up from one day, everything would be [...]

• A Few Words On Healthcare
  Posted by Leigh Drogen on September 11th, 2009 at 1:17 am, Comments: 0

  In my writing I often attempt to cover all the bases when making an argument, I’ve been taught to do this my whole life.  My writing style is often very academic, in that it’s hard for me to do a hit and run on a topic, I’ve been taught my whole life to clearly formulate [...]

• Clean Air Above: Postmarket Update 9/10/09
  Posted by Leigh Drogen on September 10th, 2009 at 9:06 pm, Comments: 0

  The crap continues rising to the top, pushing us higher and higher in the face of almost every fundamental data point.  The best trade since March has been to buy the high beta crap and short the low beta quality.  I take that back, the best trade has been to just buy the crap, who [...]