Chinese President Hu Jintao came to Chicago today & met Mayor Daley. Maybe Da Mayor tried some Mandarin on him; God knows the President wouldn't have been able to understand any English coming from Daley.
Speaking of China, how bout dat Walmart! Was up over a buck today for a while. We're long, looking at a target of $58; it closed at penny shy of $56 today.
Chevron and Coke are experiencing some profit-taking. We're looking for them to rise into the inevitable February/March correction.
I mean, come on, does anyone expect this Bull rally to last much longer? I give it 2 to 4 weeks, then, have your puts in place for a hedge.
Liking IShares MSCI Singapore Index (EWS) as a way to get into the Asian market. It's at $13.71 today. Down 16 cents, but the future is bright.
We think gold still has a way to go before it corrects.
Bracing for a sub-zero night here in Chicago.....Go Bears!