Monday, March 30, 2009

You're Fired!!

The government is asserting its "ownership interest" in GM and has requested the head of Rich Wagoner. Will Ken Lewis or Vikram Pandit be next? How about Immelt at GE? I would accept the termination of Cramer instead of Immelt, but that's just me.

I'll be watching 787 as a level that must hold short term or all bets are off. Also, I am watching for a pullback in energy and materials. I will post specifics later on twitter.


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.