Friday, November 2, 2012

Ah--OOO-gah! Dive-Dive-Dive: Chesapeake and First Solar Tank, Oil, Gold Not looking so Good Either (CHK; FSLR)

First Solar down 8.2% at $22.72, Chesapeake down 6.23% at $18.82 and WTI down 1.5% at $88.22.
Oh and gold.
Down 32 bucks -1.88%.

There might be a bit more deleveraging to come.

The lesson of the day is:
When portfolio investments seem weak, it's much better to own the cash flow.
(or triple levered ETF's on the Shanghai)