Now, EVERYBODY know the gravity of the situation. The fearful faces everywhere gave even the most bullish a good dose of reality of what has been known to the few long ago. It's hurting to see these faces and I wish them peace of mind as soon as humanely possible. No body deserve such despair I see around. NO BODY!
Where we go from here? The reactionaries chickens in Washington will make things worse. They don't understand what's going on. The money masters throwing the bad old memories of 1930 around, will drive them to rubber stamp whatever they ask them. It will not help the market or the street but only will socialize losses and bring every single human on this planet to the boat of losers. And when we kick the tires back up, the rich of us will be the first ticket holders to heaven.
But after all what do I know?
I am just a poor boy
Empty as a pocket with nothing to lose
We are in code RED. Again, don't trust ANY rallies no matter how strong it will be. Hope this adds value to your thinking and find you well and swell.
Strength & Honor
Come on man! Did you concede to Obama in just two days? I got some serious call options on aluminum knowing that your campaign will corner that commodity before tin foil hats become the fashion of the masses.
I have a good idea, how about you bet your bullish money against my bearish one. If I win, then I'll give you half of it back.
RIMM missed and I guess it was halted. Not good! It's down 15 handles @ $81 from 101 today and from $135 where I shorted it couple weeks ago. Unfortunately I closed it @ 94. It's on my next list even @ 80. I am telling you the NASDAQ will be the worst to crash next to the Russell. Man, it's gonna be ugly.
Sounds fair enough for the market to like.
Having a floor of buying under the mortgage assets will encourage others to start buying them, and restore some "confidence" in the banking system.
The lack of confidence has been the key to the latest downmove since May 2008.
Growing levels of confidence and the return of vast sums of baby boomer money (that has sold in a panic the last several months with retirement so close right now) should provide the underpinnings for a good 2-3 year BULL MARKET and economic recovery!!!
The big question is how in the hell is the largest short position in the history of the world going to unwind?????
If shorts panic we could see Dow 12,000 very soon, and perhaps Dow 15,000 during the first 6 months of the Obama administration in 2009.
250 billions done. 100 soon. 350 more unless the chicken change their minds. Bloomberg
Make up your mind and pass the thought. I am still holding my guns for another leg up although I am sort of getting seduced...
And you know the best way to beat temptation is to YIELD to it.
DEFCON 3, Code Red sounds bad!!
if you bought yesterday its code green
remember it the journey
if you could you would ,but you can't
and do your work
I was happy to see you have a green hand and it will be greener by the end of the day. For me, I BADLY wanted couple days for rest above anything. I'll be back before you know it to do what we love the most. For now, I am enjoying to watch and sniffing the sinners and winners without being emotionally and financially involved.
For the other part..