Thursday, January 17, 2008

Groundhog Day

Does Bernanke shoot novacain? When does this guy start to sound like he knows what he is doing? I'm starting to think the only thing that helps is an inter-meeting cut-- but for .75 bp's NOT .50bp's. The market sucked again. The shippers actually look like they are tired of going down, The solars tried early but rolled over. INCY looks real good here on a crappy day,SJT never hit my trigger,CREE did not continue and FLIR is still fine. Maybe we won't get a run until Monday after options expiration, but tomorrow should be interesting.


About Me

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.