walking on sunshine

Great time of year in the Northern Hemisphere, days get longer, skies look bluer, tennis rackets come out, women wear less to work and the best of all, the horses gear up for the main events like the Kentucky Derby. The best smell in the world is cut grass but alas none of that hear in NYC. But the next thing to be cut is stock prices.

http://www.youtube.com/watch?v=eONhto0x_nI&feature=related

What is oil doing above 50 dollars again, I am shorting that no demand for energy outside grain in 2009. Speaking of grain have you ever eaten Fennel Seeds, got some the other day, great to chew on if you like a licorice type taste, cheap as chips so passes the recession proof test but luv the taste, it also helps you digest foods.

http://www.youtube.com/watch?v=2xvnN8HGwKc

The China story is still being talked up, but every developed nation around China is falling over, Japan, NZ, Australia all getting bitten by the recession bug and somehow they still forecast 7pct growth in China in 2009, NO CHANCE. They produce and the rest of the world buys, well we ain't buying. America propping up defunct banks but the rest of the world will not and cant due to the ability to raise cash in their currencies and also due to the size of their banks relative to their economies. So global banks to fall over or get taken over while the US props them up only to realise they have made a mistake.

Time to reload my shorts after weeks on the sidelines, unemployment racing above 10pct in the USA and it will not be out of breath when it gets there. SRS, BGZ, it could even be time to short individual stocks that have ran up like, FCX. It deals in copper which has raced up recently, all I know is copper goes into pipes which goes into construction and I have not seen ANY of that going on, must be China buying stuff and putting it into holes again for later use, either way its run its course at 41 bucks a share, short that.

Giddy Up