Wednesday, February 18, 2009

The Morning After

Obama's housing plan is leaking out slowly but surely and we will soon find out what kind of temperament the market will have today. New housing starts were the worst in 20 years and I'm just waiting for the move to the November lows. The question is not if but when, and the bigger question is-will it hold? My money says no. Have a great day.


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.