Opportunity Comes a Knockin’

Finally – after days of stressing because there were absolutely no good opportunities, I found a few.

First, Aixtron (AIXG). They fell a bunch today on no news. I think in a day or two, they will begin another bounce. Then there’s BHP who’s fallen yet again today. Once that RSI bleeds oversold, I’m a buyer!

There are a few other opportunities that are close to fruition – and I can’t wait for them to be ready.

After all, I need a new motorcycle! And it’d be awesome to pay for it with the proceeds of a few good market plays.

As far as the market goes, it’s going crazy. Volatility is ticking much higher (VIX is above its 200-day) and it seems to me that an important safety net is now gone.

You see, most thought we’d have a second half recovery. But thanks to the big pop in unemployment and rising inflation, that thought went right out the window on Friday.

Now what’s left to prop up the markets? Well, rate cuts were helpful. But guess what? Bernanke is talking about rate hikes!

The market surely won’t like rate hikes in the middle of a recession because it means things would slow down even further.

And now this is a fear that is making the rounds on Wall Street.

We’ll see how it all plays out.