Thursday, March 13, 2008


The market caught a nice rally after the morning lows,took a breather and is coming on again post lunch hour. Interesting to see if the bulls will gun it into the close creating a more substantial short squeeze. I still don't think this is new money chasing offers here, just more short covering. S&P came out and said the banks are the close to the end of write offs. Wow, what a news flash, I sure hope they are. These are the same folks that gave this crap AAA ratings in the first place. But I wax cynical here.


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.