Thus far, the market is in profit taking mode, with the exception of ag stocks. I remain a stalwart bear in the banks and brokers. From [[LEH]] to [[GS]] to [[BAC]] to [[WM]], I wish them all a swift death.
The tech sector is taking a breather, allowing “The Fly” to retrieve some of his lost coin in [[REW]]. Good for me.
Rick Santelli is going “gangster” on that economy guy from CNBC— right now. Good for him. And, in a short while, Bill Ackman will go “tommy gun mafia” on Congress, regarding the pending doom at [[MBK]] and [[ABK]]. Good for everyone.
Let the recession begin now!
Regarding sovereign wealth funds:
They’re a risk to national security. We ought to be ashamed of ourselves for being in a position of needing a fucking bailout from foreign nations. The asshats on tv will say “oh, we can’t close our borders to investment and be protectionist.” As you know, there is a big difference between a foreign company buying a piece of [[C]] or a sovereign wealth fund—who is funded by Government.
Finally, I like [[VMI]] here, ahead of tonights earnings. Most likely, I will belong 10,000 shares, fully prepared to lose 10 bucks, should things go “awry.”If you enjoy the content at iBankCoin, please follow us on Twitter