July 23, 2008

Trading update #54; 23JUL08 … U.S. financials pay off

My two biggest recent drawdowns (and averaging down buying sprees) until recently have been short energy, and long financials.  Short natural gas and oil have delivered 3 recent payoffs between them, and ING Canada (TSX:IIC) was the first financial to weigh in two days ago.  Now today, the market’s favourite whipping boys and walking wounded, [...]