I rarely watch the financial stations anymore aside from when I wake up just to see where the futes are but the last few days with the market gyrating I flipped it on a few times and its hilarious because when we hit 10k everyone was bullish up the wazoo.. now that we shaved 300 from that number everyones bearish..
Every single last one of them is as worthless as tits on a bull : )
I still think we have some upside- for now everyone is still living in lala land but I think once we get into the next 2 quarters the reality of what a mess we have on our hands will come back.. Im so ticked I didnt follow my plan and short some GE a few months back but im going to watch it and if we do move higher I will start a short that I plan to hold for about a year as I see GE going the same route that C is heading down..
GE is junk.. C is junk.. heck if I can get the XLF to bounce back to 15ish thats another one that I think is headed for single digits.. Not hard to identify the rot in our economy... even better when everyones in denial : 0
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