Archive for December, 2008

• Happy New Year and a Look Ahead
  UpsideTrader, December 31st, 2008 at 7:30 am, Comments: 0

  I’m still waiting for the Fed to completely forgive my mortgage, auto loans and credit card debts-hasn’t happened yet. GMAC has just announced that they are going to ring in the new year by giving credit to the credit unworthy and we are on the road to truly getting “saved by zero”. I am also [...]

• A Look Back at 2008 Through My Eyes
  UpsideTrader, December 29th, 2008 at 5:16 pm, Comments: 0

  What, you think I’m Larry Kudlow? Mustard seeds my ass. We have issues. The media will have you believe that the bell will toll on December 31 at midnight for the all clear. More of the same from that lot, just more of the same, and it will NEVER change, they have no vested interest [...]

• Geopolitical Uncertainty Trade Kicking In
  UpsideTrader, December 29th, 2008 at 7:32 am, Comments: 0

  Oil and gold are rallying from tensions in the mid east, while at the same time oil companies are bidding for storage capacity, not a long term bullish sign for the Texas Tea.
  It should be a fairly thin week, I think most of the year end portfolio maneuvering is finished but there may still be [...]

• Trader Radar-DOW
  UpsideTrader, December 28th, 2008 at 9:43 pm, Comments: 0

  This one looks iffy to begin with, but this news isn’t cheery.

• Mirant Looks Like a Short
  UpsideTrader, December 28th, 2008 at 12:22 pm, Comments: 0

  This one has been a disappointment for years, I think it goes lower still.

• Digging Me Some DUG
  UpsideTrader, December 27th, 2008 at 1:26 pm, Comments: 0

  I traded DUG back when oil was at the bubble with some success. DUG is a weird one for sure, and I learned early from trading the name that its success was more correlated to the the weakness in XOM and CVX than what the actual price of crude was doing. Many days I [...]

• Weekend Linky Dinks
  UpsideTrader, December 27th, 2008 at 9:31 am, Comments: 0

  I hope everyone had a great holiday week. Here are some links of interest as we await the New Year. The newsletter will be published later today. I would love to hear all your thoughts on what 2009 will bring so let em rip. It should be wild and I can’t wait.
  Drop 40% and get [...]

• Deja Vu All Over Again
  UpsideTrader, December 26th, 2008 at 4:48 pm, Comments: 0

  I will be posting a couple of my favs for 2009 (first quarter anyway, I can’t think that long term) within a couple of days. For starters I think the financials could do a complete retest of their lows and I think IYR is a great short back to its lows. Commercial real estate and [...]

• Merry Christmas and F%$#k You, You’re Fired
  UpsideTrader, December 26th, 2008 at 9:43 am, Comments: 0

  Unemployment continues to be the Achilles heal for this market in my humble opinion. I think any rally in the coming weeks, if there is one, will be extinguished by the grim reality of our jobless situation. Housing values are still declining although refi’s are up due to our “saved by zero” approach to saving [...]

• Merry Christmas
  UpsideTrader, December 25th, 2008 at 2:36 pm, Comments: 0

  Not all mine