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Dollar driving things

May 12, 2011

It started out as another rough morning for all assets until Timmy started speaking and the dollar flipped lower. That pushed all assets back up.

One thing to note is financials have been sucking serious winds – historically they lead the market.

As far as trading I recommend call or put spreads if you feel like the selloff in silver or oil is overdone then play them that way. Way too many hidden risks (CME, terror attacks, bankrupt governments) to take a real shot at something. Stay solvent.

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