Every last one except for a mid morning stab at AMZN. Yesterday I reestablished shorts in commercial real estate. The aforementioned SLG again and another as well as beefing up my position in IYR. Today I shorted with impunity. Still have some longs so I'm not entirely lopsided. Although maybe it's time to get lopsided because I see shorting opportunities in bunch of names. The watchlist is now full of them. Not only the ones I've liked recently but all the old favorites are back in play.
I salivate and all of the sudden need more money in the trading account to fulfill my plan for world domination. In 2008 I will rape and pillage.
Financials are going down again. Stayed away from shorting them recently for fear of a bounce. It's not coming and these stocks are making new lows. It will continue in waves and some exposure there is necessary. Leaning towards playing individual names as opposed to the XLF. Remember that the financials have been a market tell with great reliability.
The market got bashed. Dollar down hard. Bhutto assassination (Hello- Pakistan has nukes). Economic numbers continue to suck. Trannies are ugly. Metals flat to down.
Watch your ass here. If you are a bull you better plan to play defense. Like Boston Celtics defense. You better hold it down because the bears are coming with pitchforks and molotov cocktails. Good luck to you.
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1 comment:
Gostei muito desse post e seu blog é muito interessante, vou passar por aqui sempre =) Depois dá uma passada lá no meu site, que é sobre o CresceNet, espero que goste. O endereço dele é http://www.provedorcrescenet.com . Um abraço.
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