It started brewing yesterday and it followed through today. My random thoughts.
1-It’s still about the dollar, don’t let anyone convince you it’s not. The dollar has been up for four days and the market is down for four days…ain’t rocket science.
2- We were overbought and needed a correction badly.
3-Technical analysis beats the crap out of any analyst I know.
4-Fear is a stronger emotion than greed.
5-The question now is how much further will we drop, we will rally up at some point soon.
6-We will fail again after the rally.
7- Christmas sales will suck
8-If you believe what you see on CNBC you have issues
9-The market is emotion, greed, fear and technicals, not fundamentals
10-Buy and hold is dead forever, if you completely disagree, you’re an idiot.
11- Even now we need to take profits on our shorts because the market is bipolar and could rally hard at anytime.
12-First Solar sucks
13- Beating these earnings is like beating a defenseless baby seal.
14-The dollar will probably still collapse.
15-Materials are starting to look really sweet again.
16-Banks are still toxic and will be the red headed step children until 2011.
17-You don’t need a weatherman to know which way the wind blows.
18-Solar stocks will trade in drill bits in 2010-2011.
19-If we’re screwed from all of our debt, so is China, go buy the Rubel.
20-Interest rates will go up and everyone should own some TBT.
21-We have enough natural gas to blow up all solar systems.
21-Oil should be $30, but not while the dollar is collapsing and Iran has nukes.
22-Solar panels will be used as sheet rock soon.
23-If Bank of America breaks $15 watch out below.
24-Goldman has the same red phone as Glen Beck, but Geithner calls that one.
25-If GMAC needs more money, do you really think the banks don’t?
26- Meredith Whitney is pissed that Bove is stealing her thunder, expect sell ratings from her soon.
The beat goes on……………..