Expect a Wild Ride
- Posted by UpsideTrader
- on December 19th, 2008
Quadruple witching today, so it could get silly at times. The other day on twitter I said that social security was the greatest Ponzi scheme of all time and this morning I found this cartoon and chuckled.
Japan cuts its rate to 0.1% from 0.3% which is now the lowest in the industrialized world. It also looks like we may get some closure on the auto situation today so stay tuned there. Oil is currently trading around $34.50, probably on its way to $25.
If the bulls are counting on a continuation of the Santa Clause rally, they better get their mojo back soon. Have a great day and good luck.
Follow @upsidetraderThe information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Joe was on Wall St, for twenty five years and his career took him to the retail, institutional and capital markets... More »
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