Couldn't Help Myself! Part II

NCC is now down over 45%. I just bought a 5% of portfolio position at $2.73.

Maybe I'm greedy and I want my own WaMu steal. But I think the reward is a good bank. I think NCC survives this.

In other news, the Baltic Dry Index is down 15% in the past two days. GDP was revised down 0.5%. Japanese exports to the US dropped 22% last month. Capex is down. Manufacturing is down. Heavy equipment and steel inventories are up.

All this = raw materials DOWN!

But everything's been beaten with the ugly stick for the past three months: CLF, ACI, RIO, X, POT, MOS, etc. Oil is the only thing up, so maybe I'll short some more.