Sideways

citjet SidewaysNice to know Citigroup took delivery on their new corporate jet as their bid collapses and they puke up toxicity on a daily basis. Don’t feel bad-you have warrants.

Today was as choppy as choppy gets and the financials actually held their bid without having their underpinnings collapse. I can only hope and pray that they continue cooperating, as they are giving us better short entries.

I spent most of the day planning and looking at charts as the action was boring and quite frustrating. The best strategy on a day like today is to do nothing, but I probably over traded, trying to make something out of nothing. If your looking to blame someone for our economic catastrophe, here is a good place to start, I try to ad names as often as possible but this a great list. Also mentioned are some folks who saw the whole thing coming. Later.


The 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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