Redemptions forcing selling. WFC‘s CEO comparing this market to the “Great Depression.” Doug Kass going bullish.
I could go on.
This trade is too fucking easy. Buy the close– sell the open– short the afternoon.
Look you, don’t do what I do. It’s past “funny sell off.” This is serious business. The last thing I want to do is contribute to the subprime housing crisis, via subprime internet stock picks.
With all the topping action in leadership sectors, it’s dangerous to buy here.
Me, I’m like that Astor guy in the Titanic movie, drinking rich man’s whiskey, as the fucking boat capsizes.
However, I will say, RBS looks like shit on a spindle. I hear some fucking “shoes may drop” on them.
Good. Braveheart cocksuckers.
In closing, the trend is broken. Don’t chase stocks down, while the floor keeps being lowered. In a serious recession, most of your stocks will be 20-50% lower, from today’s close.
Off to eat hot dog skins.Comments »