Tuesday, June 30, 2009

"Remember, the second mouse gets the cheese."

from CNBC:
One commodity indicator worries /Art/ Cashin:

"With oil pressing up against key resistance here — if it gets above $74, $75, you could get a short-covering spike. That could really hurt the recovery that's beginning."

He cautioned trigger-happy investors not to jump the gun:

"Remember, the second mouse gets the cheese."