RE:RE:DGS on the move to $6.50 on Tuesday and higher.....Indeed, I think there was rather an overabundance of optimism being expressed
perhaps because of the oil & gas rally last Friday. Needless to say it fizzled out
this morning and sunk the markets including the banking sector which is the 2
primary drivers of this fund. As to what we may expect for the rest of the week,
Heaven knows. I certainly don't. The volatility is manic like with investors going between recession fears on one hand and full throttle forward on the other.
In this environment with the central banks keeping everyone in suspense on what
is their next move, I remain partially invested but am holding a large % in cash. I
am leaning towards another int rate hike in Sept so I want to be positioned for action.
This is a market for short term trading only IMO.