just a reminder, QE

"As more and more money gets printed, currencies will inevitably devalue and hard assets including stocks will rise. Should inflation start to run rampant, stock markets, as history has shown, could start to rise in a parabolic manner. One would hope central banks would slow QE to prevent this from happening, as the aftermath of such a stock market bubble is always catastrophic."

follow up on one long UNG, and one short SMH

refer to previous posts regarding real time, actionable comments

a trader is a person who earns what he gets...

"The symbol of all relationships among such men, the moral symbol of respect for human beings, is the trader. We, who live by values, not by loot are traders, both in manner and spirit. A trader is a man who earns what he gets and does not give or take the undeserved. A trader does not ask to be paid for his failures, nor does he ask to be loved for his flaws. A trader does not squander his body as fodder, or his soul as alms. Just as he does not give his work except in trade for material values, so he does not give the values of his spirit-his love, his friendship, his esteem-except in payment and in trade for human virtue, in payment for his own selfish pleasure, which he receives from men he can respect."
~from Atlas Shrugged

SMH follow up

fail-safe @ 35.29