Thursday, July 10, 2008

Another Day, Another "Bottom"

My godly gains of this morning have turned to mush as the market rips higher. Up a hundy once again. Let me just say this: those who think that with the economy going to hell in a hand basket it will be safe to hide out in tech have no business managing money. Somehow tech is not GDP-sensitive? The biggest corporate buyers of tech are in the financial services industry. I think maybe that might be a problem going forward.

DELL is a good example of this moronic notion.

Just for fun I shorted some LEH. Either I get stopped out @ $20 or it goes to zero (or whatever price the Fed bails it out at- say $10).

No comments: