Tuesday, August 9, 2011

Tuesday morning

There is a fine line separating savvy contrary thought and a reckless fight with markets. Remember, the crowd is what drives the price action, and you want to ride them until they turn into an unthinking mob. - Barry Ritholtz

A simple portfolio rebalancing - Felix Salmon

Watch gold and watch treasury yields - Upside Trader 

We survived the night.  Futures are indicated higher this morning, despite being down about 2% a few hours ago.  Treasuries are down which is a good sign, but gold is up about 2%.  Before I try to catch falling knives I want to see gold reverse lower.

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