The bears blasted a few shots across the bow this week. The momo names were slapped silly and the perma-schmucks were taught a quick listen in humility. Long only bloggers are feverishly checking their Adsense revenue this month and hedge funds that are never hedged, are wondering why they got hit with a waffle iron . Municipalities named a street sign after those guys, “One Way”. It would have been worse for the DOW, but IBM and GE came through with good numbers.The DOW would have been red both days otherwise. The breadth is lousy and the fertilizer group, as well as coal, got hammered. FFIV had a ‘come to Jesus’ meeting, and other techs like Apple and Google cried ‘no mas’ as sellers showed up, even after great earnings reports. The post was early this morning as I was buried in grief over the Keith Olbermann firing and I didn’t sleep a wink. Next week should be a hoot. Do we rally or rollover?
My subscribers are 90% cash and the shorts that we put on the last several days are already profitable. We’re having a great month. Go here if you have interest in learning more. E-mail me at [email protected] for performance.
Enjoy the links and have a great weekend.
Eddie O’Conner, the man who gave us derivatives.
Bobby Fischer against the world.
J.D. Salinger, Holden Caulfield and the War
Try selling a yacht.
Is the next bubble in education?
Have a splendid weekend. 🙂