I don't know what the bigger tragedy was that occurred last night, Mickey Rourke getting jipped at the Oscars or the market trading up on a move toward full blown nationalization. The only difference in my opinion is that Mickey will be back, but the financials won't.
I'm getting ready for max pain as the"free" markets will soon realize the reality of this move to full blown socialism.
Monday, February 23, 2009
Laugh Out Loud
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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.
2 comments:
Very odd, I agree. I thought the "N" word was bad? But by the same token, I don't know how much of this price movement is really due to news from Geithner or Obama, etc. These companies have tons of bad debt and no earnings. Full stop.
I know it's fun to blame the political figures, but isn't this just a technical bounce?
bounce is all
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