The DOW which I now refer to as the DOWn, its a typo for years that I just discovered, the DOWn is what they refer to on CNBC as the MARKET and it needs to be given some color or colour if your from across the pond.
Just take a panda at some of its constituents, banks of obama both BAC and citibank, GE, General Motors the makers of trucks and tanks, Home Depot, guess what they deal with homes, is up 110pts at the moment, how is that a broad maket index, or is it a true reflection. CNBC pls stop refering to this as the market, it should be the new TARP for holding bad institutions. Mr Markets TARP II, the DOWn.
Well half my positions on BGZ the tripple short on a real market and SRS the double short on real estate have been closed out with good profits of over 50% in a month but I feel like I have lost my first bike. The fact I only hold half my original stake in these shorts reminds me of when my first ever bike which had no breaks on them was stolen and I know who it was. And any young person knows the attachment to their first bike, I cant remember the name of the first women I had intimate relations with, but I remember every single rust stain on that first bike.
Bernakie was awesome on CNBC today if you didnt watch him try and view it, I think he may actually get this issue we are in now and he looked in control and even arrogant as he answered the questions thrown at him, you only look that arrogant when you think you have most of the answers or you don't care, well lets see which one of those two it is.
I am still short but the magnitude is less than it was as I banked half. I feel a major bank is about to become stamped with Obama and as such this little market will run up like a bull out of a gate thinking a piece to the puzzle is solved or at the very least a now known unknown which is probably all these bulls need right now, both of them. Well this might allow me to reload the shorts later on.
Giddy Up
Tuesday, February 24, 2009
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