As banks continue to fold and get taken under we await what may be a brave new world on Monday. These past weeks and months have been a study in Darwinian Theory as the weak die and the strong survive and get stronger. Hopefully. Our new pure play investment banks will be names like Jeffries (JEF) and the banking power players are JP Morgan (JPM) and Bank of America (BAC), the jury is still, so way out there for me.
Huge move down today in the ferts and CF and AGU performed splendidly for me. I covered everything and am actually a little long into the weekend. My hope is to catch a bit of a follow through on Monday, with the rest of the planet and sell strength if there is any. I don't expect any rally to last. No deal? We're all dead anyway.
Friday, September 26, 2008
And They Continue To Fall
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About Me
- upsidetrader
- 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.
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