Lightning Strike

As I sip on my double malt whisky this morning and the markets are down again a sudden wave of reality hits me in the face like a hot latino does in a dark night club when approached. Any guy that can tame a latino is a true reflection of a man.

Well its Tim the tax dodger Geithner, where is he?? The kid after being booed in his first ever school play is out trying to get it right, Tim is talking to everyone, his old Goldman mates, his first school teacher and is getting the detail and the balance right for his next speech on the banks and that scares me as a short, the boy is THINKING and that scares me. Paulson didn't think nor did Bush they reacted over weekends with 1page TARPs to solve a decade issue, I want our leaders to think about 2010 and beyond and write off 2009, the previous cowboys literally acted like they were looking at their stock portfolios and made decisions on that. Lets face it, citi and BOA need to be nationalised, we are going to hit 10pct unemployment in the US so lets face it and look beyond with policy. Lightning has struck, Tim is gonna do a performance better than Angus of ACDC http://www.youtube.com/watch?v=7wWKqXf2rhE&feature=related), and as I am short I am scared, its the same feeling I get when an English soccer player takes a penalty in an important knock out match and I am not even English. I just feel the tension in the bars when watching an England game and it transcends through your body, every time I see Beckham on TV I think of that kick he missed against Portugal and what about John Terry for Chelsea in the champions league final last year the poor kid puts 4 lumps of sugar in his coffee now, he is still that bitter and just cant get the sour taste out of his mouth. Well thats how I feel about being short now and if I feel that so do other shorts and they will cover for now. Psychology says cover shorts, fundamentally I know we go lower. So emotion being short term usually rules so I close today.

This does not change the general thesis of, banks to roll over, eastern europe to sink, china to jail protesters and so on, this is just a lightning bolt that says I take the shorts off, bank our near 60pct profit in a month and reload the gun for a later day. If you dont eat it or shot it or even better both, you just cant go long it right now.

If your a junkie that needs real action then get yourself some triple longs BGU trading at 15 and change but with a tight stop. Personally not for me I rather bank the 60pct and wait and see if I can short again at a better entry. I cant personally go long with so much to still unravel. Look at the poor Sri Lankan cricket team today being shot at and wounded, if you ever need a reminder of the times and unrest there it is. And trust me this kind of action has a much bigger agenda they are trying to trigger off, maybe to get some neighbouring countries to start yelling at each other then eventually start something big, can you imagine if India didn't call off that tour, thats why Sri Lanka went, because India cancelled, I dont like that, seems like plan A didnt get cancelled, maybe Gold has a shine on it again?

Giddy Up