Yesterday on Fast Money, Karen Finerman tipped us to TIPS - that is, the "inflation protected" treasuries. This trade is similar to the TBT trade she pitched several weeks ago, which has been very profitable. Think about it: the ultrashort treasury (TBT) play was as close to a no-brainer as there ever is, when the one AND three month bills were at 0.01, and the 30 year was under 3.00. If that's not a panic reaction/market anamoly, I don't know what is. The next bet is that with insane economic policies likely to be enacted, your protection is inflation protection.
BTW, Cramer is pitching a turn in the market officially, which I have to go along with. The Dow/S&P refused to break through support notwithstanding a ton of bad news, culminating today with the employment numbers. I liked how he made special mention of the UPS report Tuesday (and the transports generally), and the 10% uptick for UPS for the week. I say don't expect miracles, but I think we've got a real updraft working.
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