Today FINALLY CNBC was all over the GS fiasco. Hopefully it gets some legs, I mean my Gawd, we probably spent $50 MIL in covering and dealing with the AIG Bonuses that amounted to $170 MIL, this conspiracy is $18 BIL just with GS and over $50 BIL total!
Man o man, enough is enough, bring down the filthbags! Bring 'em down!
OK, so again we ROCKED marketwise, as predicted, finishing at HOD.
It's kinda funny watching CNBC a bit today in between doctor visits and hearing nearly everyone tell all the sheeple that the bottom really is in, and that this strength just proves it.
Hey, what do I know, I'm just a Waxie, but this 99% what I've discussed here lately. We are in Window Dressing and Mark to Market heaven.
My friends, perhaps I will be wrong, but I am praying we go up into the mark to market some more because I will be making a nice sized wager on the short side once that news comes, and I do believe the move down will be substantive. I also think SRS is looking tasty here, as is FAZ, though its a little early for FAZ with mark to market, but financials are certainly beginning to wane. Now we are getting what I expected, which is the laggards all playing catch up. Volume is putrid but no one mentions it, watch for a day where we get just a nice volume spike over the next few days, that should mark the intermediate term highs. DOW can see 8500 near term if we get some momentum going on a bigger squeeze.
Also, GS off this news will eventually get some push down. Only thing that held it up from $105 area today was the market itself, it wanted to sell off all day.
OK, I'm very tired and going back to bed, happy trading tomorrow, hopefully these posts are helpful to you all!