He has more problems than the new mb's. Our Wanna-be-fund manager (who always starts with the fudamentals) was not having a good day yesterday, despite the insanity that passes for a Fed. Seems the pseudo-manager has a considerable position in the mostly heavily shorted stock on the NASDAQ (SKUL). Of course, our pFM with his considerable fundamental analysis traits thought it was going to be easy pickings to either ssqueeze the shorts (who obviously know nothing) or just watch as they threw in the towel when Benny went to work. Things haven't worked out so well. As the market was rocketing upwards yesterday, SKUL was sinkig to something close to a 52 week low and our fund manager is once again taking a bath.....and this is after the clubbing he took in MNST several weeks ago (that stock hasn't recovered either). So much for his brand of fundamental analysis.
BTW...watch out for ERY.....you want to be long gold, commodities (eg oil etc) and banks at this point.....not short...until there is a reason to be short. Benny is on his way to the aslyum after ensuring his (and Obamarama's) future. God help us all!!