So you think the market is defying logic ? Bank earnings were going to kill the market right ? The falling Euro was going to muck everything up. Not even EFSF and Sovereign debt downgrades can bring this levered game down. Now there pitching a Greek default is priced in.
Be prepared for a 200 point rally in your bear faccia. 1320 S&P is close……
I covered last week when the market gave me a chance down 150 intra-day closing down 48ish….Still holding ERY though; down a buck. Slowly selling long positions to get back to mostly cash.
YOUR FUCKING DEAD !
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The ship isn’t sinking until it is, and then there is a shortage of life preservers.
It’s the Oblahblah Recovery! Fo mo ears!