Same time next year? 6/22
06-22-2008 @ 10:20:27:PM
This time last year the news was hopeful yet I started shorting the indexes. Barton Biggs once told me that " The Stock Market is a cruel mean sadistic bitch!" Last week is a case in point: the jews are attacking Iran, Oil is priced on the moon, the Regional Banks are collapsing, Louise Yamada is forcasting a drop to dow 10000, Ambac & Mbia were downgraded, Ford & GM were placed on credit watch, the full moon hit wednesday, and we had a quadruple expiration Friday. The news is horrible yet the charts look great. Im fully invested but hope I don't have to suffer like I did last year, but you know after 40 years I always expect to fight my way out of every alley!
Let's" Throw Mama From The Train" 6/8
06-08-2008 @ 06:43:21:PM
The Markets are always good for entertainment if nothing else.Thursday the Bears paniced when the S&P 500 crossed 1400 triggering a lot of buy stop orders. Some just covered others went outright long before the Friday Employment #. Bad move the # was horrible and the market tanked taking out the lower S&P support at 1370. Confused I'm sure you're not alone, Friday the market established a trading bottem after throwing a lot the fast money wise guys off the Train.
Guerdon 6/3
06-03-2008 @ 10:07:22:PM
The "Neverending Story" continues, took profit friday at the close thought I'd be out for a couple of weeks but the violent monday/tuesday correction put me right back in again. Looks like the only way I'll stop is when I finally get fitted with my big toe tag!