Friday, August 2, 2013

Friday: Fools Rush In Where Fundamentals Fear to Tread | Zero Hedge

Friday: Fools Rush In Where Fundamentals Fear to Tread | Zero Hedge: "this morning we went long on silver (/SI) at $19.25 and short on oil at $108, and already we have $107 oil and $20 silver for gains of $1,000 per contract on oil and $3,750 per contract ($50 per penny) on silver.  

Usually we don't play silver, because it's so violent, but that was an easy one to call. Sadly, we used LOGIC to make that call and it worked - and that makes it harder for us to throw logic out the window and run with the bulls.  Maybe, just maybe, the market will have an attack of sanity today and head lower - sparing us the angst over the weekend.  Either way, I recommend a lot of drinking ahead of next week! "

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