Tuesday, August 23, 2011

A Silly Bet......

A lot of traders are pricing in help from The FED today. There is no help at these levels. It would only cause a momentary bounce in the market. Bank of America is rumored to be in huge trouble and the 2-year treasury auction just went off at a record low. I would not play this bounce. Might be a good time to buy some gold and silver. I have a feeling a big show will drop in here. We will see.