Tuesday, November 20, 2007

Bad Day To Be a GSE

Interesting day in the markets, if you like stomach churning events, like say bad automobile accidents or current pop/celebrity culture. Up 120 on the DOW, then down 260 to the lows, then up 170 from the lows in a straight line into the close. For me today, that reads like down some to up a whole lot to up less than a whole lot. There you go, still net short as the bulls press back hoping for a bottom. I believe any bottom would be short-lived, should it come.
For your viewing pleasure today. I have a total horror-show. Blood. Gore. The whole nine.



This last one is more of a tell on the economy.

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