Felling Like The Hef

I’m younger and better looking but not as lucky. Sorry honey. I don’t know how my wife puts up with me, but I digress.

Today was magical, and just when I think it can’t get better, it does. I made many twitter blasts today telegraphing my moves and thankfully I was right. The SMN trade was a beaut UP 26%, SDS was lovely and RTH was special. I didn”t have SDS on the blog this morning but I did on twitter. OIH was a monster and all is good with the world.

I’m taking a shot but I kept everything overnight so break out the Ambien. I think the powers that be are out of bullets for now and I hope and pray Bernanke drops rates to zero because the fear will only intensify. He really does need to sit on his hands for a while and try to let this self healing get into the market. Sorry if I sound mean but readers know that this has been pretty much a short the market site for a while now. I truly hope everone is OK and understand this just the rantings of a bearish mind.

I think its fair to say that barring a 1000 point rally tomorrow, which by the way is entirely possible, the market has lost huge confidence the last two days. The bottom fishers got killed and those that have been long forever that didn’t sell, feel betrayed and screwed. The “Graying of America” factor I think will play a big part going forward as the baby boomers have been torched and will not likely want to stick their head into the lions mouth for quite a while. The last thing they needed was a 2000 lb. bunker buster to land square on Mr. Roth IRA and Mr. 401k which is now a 201K.

At the end of the day it’s about the global economy. I mentioned yesterday that my “tell” in all this was energy and commodities as that telegraphs the state of the global economy better than anything else right now.

I’d like t hear about profitable trades today or otherwise so shoot em in.

Still no charts as they don’t matter.

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