Greece is entirely screwed. Portugal and Italy are next. Yet, U.S. futures are pointing to a higher open, due to the belief that “everything will be alright.” Although I believe we are now running on borrowed time, I still think the market can squeeze out a few percent on the upside, before the European crisis really hits the fan.
Today is also a “Fed day.” I expect rates to remain unchanged and the language in the Fed’s statement to be benign. With all of this, I expect the market will bounce hard out of yesterday’s murderhole. My recent purchases include [[VXX]] , Goldman Sachs Group, Inc. [[GS]] , Jarden Corporation [[JAH]] , [[CGA]] and Cytec Industries Inc. [[CYT]] .
Fuck this shit. I have no interest in making any wild moves today. Everyone is too damn impatient when it comes to money. I will sit here and wait for the money to come to me, as I intend to sell everything I own at a profit.
NOTE: [[MTA]] is not really down 10% this morning. The stock went ex-divvy on an annual 9% dividend today.
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