This is just wonderful.
I’m over here, saddled with about 90 long positions, and some of you heroin addicts want me to “keep the faith” or “man-up, get bullish.”
Fuck you, I’m losing my sense of direction with this market. I feel like going to the grocery store, buying 100 turkey’s, then proceed to throw them at the NYSE.
I’ve got high growth Chinese stocks trading under book, namely XFML.
I’ve had a half dozen stocks trade down $10, after reporting earnings.
I have big investors questioning the very foundation of this market, due to Enron, part II.
Why would the average Joe, with 100k at E-Trade, ever come back to this market?
Time after time, our CEO’s have demonstrated incompetence on a massive scale. When it’s all said and done, the “sub-prime meltdown” of 2007-2008 will be viewed as one of the biggest fuck-ups in the history of modern banking, riddled with fraudulent activites.
Wait until the regulators step in.
In short, I’m sure the market will rally off today’s lows. The sentiment is so bearish; we have to rally big, soon.
However, after the rally, there will be real economic problems to deal with, such as 1.5% GDP growth, while oil is $100.
As for today’s trading:
Is there any reason to buy anything else?
I mean, AAPL and RIMM is where the bulls have planted their flags. Providing the market rallies, both stocks will catapult higher.
TSL is getting de-balled. Chinese Solar Burrito stocks are bullshit. Stay away.
In order to get this market moving again, we need a catalyst or a wash-out.
Either we get some news of a Gov’t sponsored bail out of the sub-primers, Fed rate cut, buyout of a bank— or we go down another 1,000 points and rebuild from there.
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