Financial Socialism

Bail em out and shut down the shorts. Of the three geniuses I think Cox is the biggest phony of them all. Next to the DMV the SEC is probably the worst organization on planet earth. Just inept, completely. But I digress. My trading nightmare mentioned earlier turned out fine. I ended slightly down but well above earlier levels when my trading platform melted down. And I owe the comeback to who? XLF and UYG of course.I tried many unsuccessful short side entries on those two today but I caught the one that counted, that nice melt down, strait down, that started around 3pm. I really don’t need any convincing that all the financials are going lower after today. The group is truly the gift that keeps on giving. Oil caught a really nice rollover and although I did short a little XME and OIH when the downside was gathering momentum, I really just stayed with the financials. The VIX almost tagged 31 this morning and that is good in my opinion. I mentioned this morning that we need a 500 point flush out, and we were on our way until they started handing out microphones. Oh by the way, we managed to close below 11,000.

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