Thursday, November 13, 2008

Tarp Confusion

The bait and switch continues as the talking heads debate the merits of the now famous TARP plan. What a mess. Indecision and uncertainty are two sure fire market killers and right now we're neck deep in both. Seems like the last government arrow has the trajectory of a boomerang.

Futures are up slightly which is surprising to me considering the Intel report last night. Jobless claims are out in about an hour.

Some short ideas that came later last evening.

MCD - under 53.40

INTC- under 13.25


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.