Monday, August 25, 2008

It's Getting Ugly

I'm sure all the folks getting massacred today are feeling better now that CNBC keeps telling us it's just on light volume. Bill Griffith seems personally offended that the market isn't "up", after all things aren't that bad. If this is what happens on light volume, I can't wait to see what happens when the heavy artillery does upon there return from the Hamptons.

I'm mainly short steel and coal as that group seems the most vulnereable. I am wondering if the soft commodities start to really cave in later. The financials are a disgrace as usual.

If your long, dont worry, "it's light volume and the market should be up". Just ask CNBC


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.