Inflation? What Inflation?

By Jeff Macke  JUN 02, 2009 4:05 PM

An explosive savings rate does not an inflationary scenario make.

 


Greetings from New York, where I got stopped out of Wells Fargo (WFC) and feel not the least bit bad about it. Protected a slightly larger than wee gain, didn’t catch the top (but never try to anyway - it’s as much of a mug’s game as catching the bottom).

And, on the upside, Ford (F) is behaving like a champion, and hasn’t even threatened the stop levels I’ve put on it. The risk of stops: You catch the lows of the day if/ when we gap lower. The benefits: It takes choice and gut feelings out of the trading process.

Here’s what I’m watching, when I’m not doing a roughly infinite number of other things:
 

Position in F, TGT

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