Tuesday, December 9, 2008

Shaking Off Bad News and Embracing Nationalism

It's hard for me to embrace the "we are France" trade, but I am fighting off the demons and I am trying to accept it. I have no choice. The current environment is eerily reminiscent of my days at Lehman in the 80's when the "privatization" of Europe was all the rage. It seems that we are going backward, not forward as a nation. Oh well, I'll do my best..

We are due for a pullback unless the beast wants to stay overbought. I'm ready either way, but am salivating at the thought of tattooing the XLF on the short side. One can dream. Damn the "nationalistas."


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.