Covered in sweat and tones of brown from the alcohol covering half of my body, I awoke just moments ago from a raucous night of celebrating the victory of Detroit over the insidious Yankees.
…
No, I’m lying. I actually don’t give a shit about baseball, or most sports for that matter. I was out all morning in a meeting with a new client, and only just got back. I watched the game last night though, and enjoyed mercilessly taunting Yankees fans, while also commenting on the destitute state of Detroit.
Yankees: last night you got taken out of the playoffs by a city that is trying to strategically cede land to the state because they can’t keep providing electricity to all of their districts. How does that feel?
Rounding off the whole “Total Victory” thing, upon my return I found the market breaking red, as it should. I am heavily short UCO and MGM, after increasing both positions substantially this past rally.
I stand to do very well, if everything comes together correctly.
The big piece of news today that I’ve seen so far is Merkel’s suggestion that banks should try and raise capital in the markets first, before asking their respective governments. Let’s be honest; no one thinks French banks can raise capital from private parties, and the amount they need to raise is massive.
All is not well in Euroland. Merkel’s comments seem to highlight some very serious rifts in the European Union (which I think most of us were cognizant of before now). It doesn’t help that there is no good options for Europe. This is a choice between a lot of options that all sort of suck.
Next week brings new lows unless they do something drastic this weekend.
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