it's eery....

Strange things are happening.





Investors in Canada might lose $35 Billion in ABCP. Need I say more. The asset holders are still being forced to sell. Why? Because credit is still being called.



Nickel has fallen 54%. See six-month chart.

How is this collapse even possible? Three months ago, I was reading stories about nickel inventories being down to a 5-day supply. Turns out that "off-inventory warehouses" had hidden supplies.

Elsewhere, speculators (until today) are jumping into the only bubble left: emerging market commodity stocks.

My strategy: wait. The recession is inevitable at this point. I think I can still get 20% out of this year.