Red-Hot Resources

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

Tuesday, April 01, 2008

End-of-Day Charts

What a way to start a month! The Fed is throwing money at financials. This is igniting a rally and sucking money out of commodities, in the short-term anyway, as investors fall in love with financials (or at least, the Fed's money) all over again. Like most love affairs based on money, it can't last. But maybe it can last long enough to turn a profit.

Energy has ignored the pain in the rest of the commodity sector ... but for how long?

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