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Hello there my frozen, furry, four-legged friend : ) Thanks for sticking around.

As noted, Wed with the market drop, I added my first two individual stocks in quite some time, AA and KIRK. Yesterday made me look pretty good. Today I give back 1/2 the AA gain and KIRK is actually up a smidge. Today I added just a shade of DROOY.

If the dollar rallies, then I'll need to get out of AA and DROOY pretty quick. I like both individually as AA I believe has decent longer-term fundamentals at current prices (though it could easily drop to 8-9 with a market collapse), and DROOY is a hedge. If the world goes to s*** again gold will rally. Now that its above 1000 it has a chance of staying there unless the dollar rallies. At some point US interest rates are going to go up, the deficit piper will need to be paid and gold will rally. That could be awhile yet to play out though.

Also at some point US treasuries are going in the can. I've played the short long-bond ETF, TBT, and will continue to do so. Also at some point, oil will rise again, perhaps if the world appears to be stabilizing, and XOM will be a good play. Like to see it at 60 again. If oil is rising ag probably will too and I've put POT, AGU and MOS on my watch list.

ab - random macro musings
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