Tuesday, September 23, 2008

We're not so sure we should trust you with $700billion dollars. What did you say you needed it for, again?

“Just because God created the world in seven days doesn’t mean we have to pass this bill in seven days,” said Rep. Joe Barton, R-Texas.

The market started to retreat around 10:30. I sold all my positions in ABX, GDX, and NOV this morning with an overall gain of ~2%. Afterward I purchased some FCX and UNG and setup some stops.

The volatility of this market is astounding. According to stockcharts the VIX is still above 30.

Good trading. Good luck.

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