Random Stock Market Thoughts

Wednesday, August 30, 2006

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Getin Outta Here

Its time to take a break for the extended weekend. I can already tell you that no one will be working on Wall St. in the next two days. The market will probably drift lower because of it. Volume is going to shrink over the next few days, the only thing that could cause some serious problems is this little country called Iran. If fireworks go off there tomorrow, the market will not end up in a good position at all. But to hedge against that you could always buy an oil stock. Take your pick - NBR, TTI, SLB, HAL, XOM (just avoid BP too much going on there).

I learned about a pretty cool product today. QID. It is a double inverse NASDAQ short.

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