Thats right, full of hope and optimism only to fall flat on my face half way thru the season. To be such a Grizzly Adams Bear and miss yesterdays price move down of 360pts just made me feel like Brett Favre by round 3 when he took off his socks at the end of the Pats game and said to himself, "what have I done, not even my wife will respect me now".
I have dusted off the cobwebs and due to the physcological impact of the move yesterday I have put myself on a 48hr trading ban to calm the impulse decision making that we mere mortals are capable of. I felt like I was caught walking out of my girlfriends sisters room yesterday, but allas I am clearer now.
BAC, Citi, GS GONE, cant survive and will not survive, UBS hanging on by a thread. Its very obvious now that these names suggested will be merged or die by the time the we put on our first round of sun block in the hamptons. Timmy the tax dodger just couldnt think of a real plan yesterday and that is because every instinct and fact he has accumulated since the democrats took power and started looking at the books, tells him and his team, this is HUGE. And MS how come they all of a sudden became the elite like JPM, they have a premium getting built into stock price and its starting to stick out like honeymooners ...... elbow. So we may have to add this to the short list very soon also.
Trades, still buy 3mth puts on GS when they break thru 100 bucks, buy $7 puts in UBS by months end, BAC just watch it jirate like a 16yo belly dancer.
Did you see Chinas export numbers today, mmmm, cant believe people still think they are going to grow at 7%, exorts Y/Y only down a moderate 17% and lets face it thats probably a dodgy number its more like 30%, guess who they export to, USA, so are our Yankie friends going to start buy again soon, not this year, so once again China will continue to subside to below 3% growth and bring down the Asia Pac with it.
Dont forget Sean Penn best actor, Mikey Rouke are you kidding you cant grunt for 90minutes and get an Oscar.
Jet Setting today at Aqueduct stand it out in a P4.
Giddy Up
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment