.........he was Australias version of Robbin Hood only he killed many people and we hung him in the end, but thats what the banks are right now.
Buy FAS tripple long banks, it is trading under 7.60 down 14% so far today over the next couple days I expect noise to come out of the government about housing. Remember Obama is about the people and not wall street which lets face it its just a side show, Obama will focus on the people on main street and banks will get a bounce from this but remember the thesis hold, most banks will HANG in the end. So its a trade not a hold. Stop loss should be 5% from entry point as its down nearlly 15% so far today so that gives us a good cushion to an already belted index ETF.
OMEX is again on discovery channel tonight, our friendly ship wrecked pirates.
250K guarantee pick4 at ghetto land aqueduct on monday so stay focussed on that. These are our major swings of the bat for the remainder of this week.
Giddy Up
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