I’m not bothering to do any analysis today because who knows what kind of market we will have tomorrow. Will the inverse ETF’s even be trading? How will put options behave if market makers can’t hedge their risk by shorting? Etcetera.
I am happy to report that I was all-in and leveraged short before the Crash of ’08, and I got out at an ideal time: Tuesday morning’s gap down. I had excellent profits, and got out before they changed the rules. Now let’s see if my profits evaporate out of the computers of the financial system.
Nice going Washington! Nice going New York! You crashed the whole thing!
Well, it could be worse. You could wake up with 10 Russian warships on your doorstep just like the Israelis.
I have noticed a lot talking heads in the media, including President Bush and Steve Leisman, using the phrases “free world” and “free capitalist world” recently. Have the geniuses in Washington who just wrecked our economy begun a subliminal program to brainwash us for a coming war with Russia?
Starting wars is a traditional method for the USA to end economic recessions and depressions after all.
I must say that this enthusiasm to fight nuclear-armed countries like Pakistan and Russia is a bit alarming.
So, lets hope that our fearless leaders have sated their appetites for destruction by destroying the economy.
Do you think Dick Fuld is deriving sick pleasure from taking the whole system down with him? There were actually fools in Korea who wanted to buy his sinking ship!