You see the balls of bulls rolling downhill, right? They’ve been eviscerated aka they’re guts ripped out, in the most inhumane way, via large capital losses.
It’s too late to stop it. There is too much momentum to the downside. If you’re long banks; you’ve been “debo’d,” deal with it.
You can’t say I didn’t warn you. “The Fly” gave you the blueprint. However, you chose to believe a ruler and a chart.
Anyway, as you can see, the retards at Lehman Brothers Holdings Inc. [[LEH]] , East West Bancorp, Inc. [[EWBC]] , Pacific Capital Bancorp [[PCBC]] , Cathay General Bancorp [[CATY]] , Bank of America Corporation [[BAC]] , TCF Financial Corporation [[TCB]] , Legg Mason, Inc. [[LM]] , Marshall & Ilsley Corporation Marshall & Ilsley Corporation [[Mi]] , Morgan Stanley [[MS]] , Merrill Lynch & Co., Inc. Merrill Lynch & Co., Inc. [[MER]] , Goldman Sachs Group, Inc. [[GS]] and Vulcan Materials Company [[VMC]] are showering me with gifts of joy and freshly minted currency.
Early estimates say China will only grow at 7% this year. If so, that is far below consensus. My guess, the U.S. exporter gets a bowling ball to the scrotum, before the year is out.
Don’t you apes get it? The economy sucks. What, you want stocks to go up, while everything else burns to a cinder? I don’t think so.
Long story short: I kicked out my NutriSystem Inc. [[NTRI]] this morning for a quick gain. And, I am trying to borrow more Pzena Investment Management, Inc. [[PZN]] , to no avail. At this moment in time, I still like [[REW]] , [[SKF]] , [[FXP]] and [[SRS]] .
Cramer Bash Update: I love this stuff.
[youtube:http://ru.youtube.com/watch?v=bL4SFCe1rzA 450 300]