where are the buyers Del Boy........

The market is just like Del Boy of only fools and horses in the depths of East london trying to graft a sale of a used russian video recorder that recently fell off a Bulgarian truck bound for Sussex and driven by Jamaicans ( http://www.youtube.com/watch?v=1L4qrRkmxZg ). NO buyers no bids. Thats the catalyst of where we are at right now, no reason to buy a stock, those that have called the bottom for the last 6months have no cash now to continue buying, what ever cash that is on the sidelines is waiting for a major down move from here or a systematic shock before adding capital. Hell if your 40% down you dont want to jump in now and be another 20% down from here right?

So where are all the buyers. Like a good grandmother you wont see them for awhile normally only around xmas time, they dont need an IPOD, they dont need new clothes, the same ones have fit for 50years, they can also sew and they dont walk enough to by new reboks. So the consumer is still gone and so are the buyers of equities.

Us shorts have one major fear ahead that I can see, and that is how does this market react to citi and say BAC being nationalised. Does it drive banks down only for the market to then jump up dramatically in a rush as shorts cover and the market feels an unknown is now known. I am still pondering this thought for the moment like Ben Adams did just before he patted that great bear on those frosty mountains.

Stay short, keep SRS and BGZ dont cover anything yet and dont take profits yet either we are not in this to make a few dollars we are in this to make enough cash so we can pay cash for those cheap houses we are about to get.

I saw OIL rebound a bit today lets keep an eye on that for a short if it runs up hard. Goldman Slachs still on the short list although I am not short yet it didn't break the 100 mark I am waiting for and has now rushed down. We can be patient on this one.

OMEX is still my only long position, still believe in the pirates for now.

Giddy Up