Friday, October 10, 2008

Max Pain

"A long, long time ago, I can still remember how the music used to make me smile"
Don McClean - American Pie

Our mettle is being tested big time again as world markets implode. This is a critical day as I truly believe it will mark a turning point or plunge even lower. The possibility exists for a massive rally into the close which would continue into Monday or a plunge that will wipe it all out on Monday.

Stay tuned and keep your powder dry--if there is any left. I'll be on all day.


About Me

My photo
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.