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I’ve been kind of hung up on the price gap in oil at 73.25. Yesterday, as we had pushed close enough to that number for me to be satisfied, I did a post called “Close Enough“, where I specifically pointed to XOP and wrote “I suspect this one is going to suffer the quickest.” Here is XOP now, with an arrow marking the timestamp of yesterday’s post.
There’s just nothing else to say – – the Emerging Markets Bond fund just keeps performing……even though the rest of the market seems utterly and completely unable to fall and stay down more than seven or eight seconds.
I have 88 – – count ’em, 88 – – positions. All of them short, of course. One of my favorites, which I’ve mentioned so many times here, is EMB, the fund for emerging market bonds:
There have been many posts about Overstock (OSTK) here on Slope – you can see the old ones here – but I wanted to add another one to the pile.
The head and shoulders pattern on the company is fantastic. Indeed, by traditional measured moves, the target price for OSTK is a negative number. So let’s just assume that, as battered as it already is (more than half the value destroyed already), it still has a ways to go.
