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Macke's Movers: Wrong on Crude?

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A bubble is a bubble is a bubble.

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Hello from New York City where, and I may have mentioned this, it's sweltering. I know you aren't all on the Eastern Seaboard but it's virtually impossible not to note the weather if you live out here. If you were to wear a blindfold and be led into Times Square you couldn't distinguish between "Midtown" and "Big-Foot's armpit on a hot day."

It's not comfortable outside, is what I'm saying. Here's what I'm watching when I'm not watching Pete Najarian sweat (it's curiously hypnotic):

  • "You can try anything you want, as long as you have an exit plan." Words to live by as my long-side trade in the financials goes up in smoke.

  • Apple (AAPL) selling into the Miracle Phone, part Deux? Too obvious?

  • Got some e-mails yelling about my being "wrong on crude oil for the last 40-pts." Just in case there's any confusion in the 'Ville (as opposed to on the tee-vee): Making the observation that crude (and many commodities) is a bubble isn't the same as shouting "sell". I "grew-up" in Palo Alto in the mid 90's. I've seen bubbles. They look like the USO. You can trade 'em, you just can't live in them.

  • Which is another way of saying "you can try anything you want as long as you have an exit plan."
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No positions in stocks mentioned.

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