Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Tuesday, November 27, 2007

Busy Day

I'm in meetings all morning, so I won't post until later. I find it interesting that the Dow is following the US dollar into correction territory even as oil pulls back. Those consumer confidence numbers could be crucial today. Look for a blog update this afternoon.

UPDATE: The Dow is bouncing hard today, and many of the major averages along with it. Good thing we grabbed gains on bearish positions in RHR yesterday and half-gains on a bearish hedge in RCS today. But we'll see what tomorrow brings.
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