Big Moves

  

For the first time since 2002..Investors Intelligence surveys showed the same percentage bulls verses bears @ 35.6%. Short interest on the "big board" NYSE rose to a record 9.08 billion shares. The one month gain was a substantial 5.5%.

Two big lessons in life- 1) Follow the smart money ...aggressively (usually you have to go against the crowd to participate with it). 2) Don't let the bear case, story or their concerns overwhelm you....remember the bears don't live in 5th avenue mansions..

The smart money just took the largest natural gas pipelines private and they just created the countries largest natural gas reserves ALL FOR CASH.

Barkly seen here is stretching his legs, the Minnesota summer solstice and a summer haircut feels pretty good. Plus his master holds a whole bunch of natural gas assets in WMB and ECA.