Dirty politics and bail outs are all the rage, step right up and welcome back my friends to the show that never ends. Great theater for sure, and a market that will try our last nerve for sure.
The auto deal looks shaky but when all the politicos that require their mandatory face time go back behind the curtain, the deal will get done. How could they not save another broken revenue model business with no hope for any kind of organic growth for decades to come?
Today was like a slow Valium drip at times. Just a slow motion ride with quirky jerks to the up and downside. Nothing really outstanding to report as the market just traded without a lot of conviction either way. The materials acted well and I will post a really nice looking short opportunity later. Hope you had a good one, just flattish on my end.
Wednesday, December 10, 2008
Bailout Nation
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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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