What can I say but disgusting,ugly and very bearish action. We get 125 bp reduction in a week and this is the reaction. Not bullish action I can tell you that, and volatility is here for a long time. The shippers were strong and the financials rolled over. What is really amazing is the action in the financials-what a give back. I am waiting for the "Japan 0%" interest rate perma bears to come out of the woodwork if this keeps up. Later..
Wednesday, January 30, 2008
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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.
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