Let It Bleed...

now that the Fed has delayed just long enough to flush out all the major profit holders they can following the new year, maybe we can move on and get to cutting rates...

it makes perfect sense...the govt makes money when people take profits, so maybe the fed is stalling the rate cuts to flush out as many profit holders as possible...

since the new year is in there are plenty of tax-deferring profit holders left and now they are scaret'n'runnin...

once all the turncoats are flushed out maybe the feds will step in and smash the rates down...

no matter what --> it seems that pain is not going anywhere soon and that I should take my own advice to run, run like the wind...speaking of running...

reversification of the day:
closed out: MDR FCX RTP and used the proceeds to add more to GOOG FRO FSLR DSTI

I still like the mining stocks - it's just that I haven't heard anything about fuel costs affecting profits at mining companies...I would have to deduce that mining uses a lot of huge fuel sucking engines and various types of power hungry electrical motors too probably...surely they attempt to hedge against fuel and costs by purchasing futures or something like that, but tis can't be completely foolproof... as for MDR - i just didn't like the look of the chart in terms of the likely rate and range of recovery price movements...