5 August 2011 (pre-open)


The world just sold everything (stocks, oil, commodities) and bought US treasuries.

One way to play today’s move is to delay refilling one’s gas and diesel tanks. Delay as much as practically possible and refill 1/2 rather than your typical full tank. I expect pump prices to move down in their usual slow, staggered basis. Delayed, partial refueling seems like a logical trade to me right now. Caveat emptor.

Happy weekend, Traders!

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