Monday, March 17, 2008

Fed Loans To Non Banks First Time Since 30's

Ominous at best.Watch for Goldman Sachs to surprise us this week. If they pull a fast one here all bets are off. Joe Lewis has now lost about $1.2 billion on his BSC investment. The Fed will do what they have to do, let's hope it's not too late to have an impact Gold is oil are higher here. I will be watching my oil short closely as I still have a little room on the stop.


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.