Earlier in the year Bush proposed a $170 billion rebate program to “stimulate the economy.” I thought it to be a little ironic that today, October 15, is the last day to file to claim your check, and the retail numbers dropped an unexpected 1.2%. Then again, the forecast was at .7%, which makes me wonder what idiot is making these forecast. So who got stimulated?
Oooops.
Then the House finally passes the $700 billion Bailout Bill then the market erases $2.4 trillion in shareholder wealth in response.
Yikes.
I guess we’ll never know how bad it could have been, so I’ll give them credit there. Still… isn’t it ironic?
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Don’t laugh Gio but we’re filing today, when it comes to taxes our policy has been, never do today what can wait til the last possible minute, ack.
I ain’t laughing Boca. I had about 3 hours of sleep working on tax returns… still am. 🙁
…see, that last sentence didn’t even come out right.
Wow, market tanking again. I’m stopped out of SKF, SRS, and FXP shorts.
Gio,
I’m getting the final touches on my tax return done myself. I should have never gotten into those O&G partnerships, which really complicate matters.
Here I am doing my tax return while the market melts down again. Having too much fun today. Oh, joy.
Love my RTH short. Also SMN is a monster today.
Gio,
I see your FXP is plus $20. Good Call. Actually , make it Great Call!
Geo, Are you still holding GG?
AUY hits 4.61, and dgg rips past 33. Gold is hard to figure.
The double short gold up, when gold stocks are down does figure. What I was trying to say is that lower gold here does not make sense.
average in gold if you believe in it. I think gold still has a chance to move big. Otherwise, the long term strangle play is still on the table. see my post on GLD and GDX strangle for a possible play.
Gio, you still struggling doing your taxes while surfing?
GIO is MIA, must have been swallowed up by a giant clam.
Gio: We get to see the Bows on espn tonight. I think that new head coach used to be the defensive coordinator at my alma mater about 8 years ago (way after my time, class of ’84 go Red Raiders). Why did Hawai’i drop the Rainbow from Rainbow Warriors?
Geo must have hooked up the some fine ass wahine who’s got him all tied up and tickling his ass with a feather.lol