Monday, January 12, 2009

Staying Very Cautious Here

Sometimes when you're alone, all you got is your dog and they meant the world to me.
--Mickey Rourke, during his acceptance speech for Best Actor at the Golden Globes.

Madoff goes to court, futures are flat, Alcoa kicks off earnings season after the close and oil breaks $40 again. UBS fell about 5% as it may report even bigger losses so watch the financials as usual, the hits should keep on coming on that front.

Earnings will be a disaster but like the unemployment figures it's baked in. Yeah right. Careful out there and good luck.


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.