In retardo land, when your biggest bank is being rumored to have lost 24 billion big ones, betting on degenerate lotto tickets, stock futures go up.
Of course, there is a “ton of good news,” mainly circled around the [[IBM]] chuck wagon. Then, we have other “good news” out of [[SHLD]], fucking itself again, getting ready to dive down another 10 spot.
What’s another 10 spot between friends? After all, aren’t we all friends with Cramer’s buddy/pal/money manager Eddy Lampert, CEO of SHLD?
Considering the severe oversold condition of the market, investors are piling into this “good news” environment, scared to miss out on some important sea change & shit.
With my currency, I’d rather buy cheap whores and vodka, than try to hitch a fucked ride on the “guess who will lose 15 billion plus tomorrow” shit train.
Aside from that, [[AAPL]] looks ripe for a bounce, going into Macworld.
UPDATE: I have meetings to attend. However, before I leave, I’m calling this bounce dead. Sell it twice and buy some [[FXP]], if that’s your style. [[CHL]] cannot get a deal signed with AAPL. They’re all assholes at CHL.If you enjoy the content at iBankCoin, please follow us on Twitter