Freaky Friday
- Posted by UpsideTrader
- on February 19th, 2009
So Geithner, Paulson and Bernanke walk into a bar and….sorry I digress.
World markets are lower and U.K. repossessions have climbed to a 12 year high as banks seize 40,000 properties. Not a surprise, and we knew it was coming, but the headline damage is what we have to worry about. Japan’s Topix is at the worst level since 1984 and UBS tumbled 16% as America sues them for enabling 52000 of our tax payers to hide money offshore and avoid taxes.
Today is a pivotal day, will we bounce and see a short covering rally near the close or just fall further into the abyss? 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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