Monday, February 9, 2009

The Eve of Destruction?

Well, Obama did his speech, I wasn't moved, if I was I would tell you. The chatter I'm hearing from twitter and stocktwits which I think is very representative of the electorate and the masses seems to feel the same way. Just eh. But it doesn't matter what we think does it? It only matters how the market processes this stimulus plan and it will only matter how the market synthesizes Geithner's comments tomorrow.The S&P futures are off about 9 handles, no biggy, but I'm hearing it's more from Geithner than the stimulus, and that worries me much more than the stimulus anyway.


Shaun said...

Right on regarding 'doesn't matter what we think' -- take our emotions out of it and play the market as it reacts.

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.