Michael Harris says it looks like 2007 all over again

[dave4532]

Michael Harris has a monthly chart of DBC in his blog and says this is maybe 2007 all over again. Scroll down to the DBC chart:

http://www.priceactionlab.com/Blog/2011/01/the-state-of-etfs-january-22-weekly-recap/

What do you think? Another crisis is along the way? Could the QE be the cause or it is the demand from China mainly and then India? Let us discuss this.

 

[Covertibility]

Tepper on CNBC yesterday morning makes more sense than comparing charts of one time from to another. Too many imbeciles we're look for a 1936(?) crash last year.

 

[intradaybill]

Have you guys seen wheat and other grain prices lately? It smells like new highs soon.

 

[dave4532]

Quote from intradaybill:

Have you guys seen wheat and other grain prices lately? It smells like new highs soon.

What do you think then? Futures or options of futures? Leverage is needed to make money.

 

[intradaybill]

Quote from dave4532:

What do you think then? Futures or options of futures? Leverage is needed to make money.

I am getting longer term out of the money options in several commodities this week. I think inflation will go faster the next couple of months. It is more like a hedge to me. The ultimate hedge is buying some land.

 

[trade2live]

who is Michael Harris ? I agree but DBC isn't the most striking example unless he expects a crude oil spike as in 2007.

 

[joe4422]

Exactly the point, who is ....... I believe this post is called spam, and the intention is to get people to click on his link.

 

[bashatrader]

Quote from joe4422:

Exactly the point, who is ....... I believe this post is called spam, and the intention is to get people to click on his link.

I listened to his presentation in one of the Tradestation conferences in NYC 11 years ago. He has been around for long. I have his books. He used to write articles for Active Trade. I haven't seen any more from him for some time. I find his blog analysis very helpful.