Today, you got a small preview of what a good 10-k, authored by a very cautious auditor, can do for a stock price: [[TMA]].
This is the reason why you read the blog of a “space alien magician,” and not some queer Dinosaur’s —with a fake office (plastic palm tree and all).
The banks will get hit, on disclosures reported in their 10-k’s. Watch and learn.
Aside from that, today was a great day for the bulls. Frankly, I’m shocked the market wasn’t down more, considering the homo data.
As you know, inflation is out of control, yet Bernanke is a fucking loose cannon, lowering rates to rescue banks. In all fairness, some of you bloggers need to quit blaming Bernanke for all of the markets problems. He didn’t make Joey Bag-o-Donuts take out a teaser rate mortgage and leverage up to buy 10 investment homes.
His candor (Bernanke) is refreshing.
Finally, I’m appalled that commodity related stocks will-not-die. For now, I like [[SRS]], [[SKF]], [[UDN]], [[DJP]], [[GLD]] and [[WBD]] for short and intermediate term trades.
NOTE: Fuck [[WM]] and [[LEH]] too.
UPDATE: [[DECK]] is tanking on great earnings. Which reminds me of the famous quote: “The Fly always wins, even when he appears to be losing, badly.”
Comments »