Wednesday, October 28, 2009

Closing comments

Well I feel like my 9 week old puppy. I have been trained! Today was ugly... and ugly on an obscure front. Bears like me have been trained to take their shorts off on breaks because they don't last long. If the market gets OS... well, buy'em in. Bulls have obviously been doing the same thing (vice- versa of course). Well today that did not work.

Did it break down for good? I don't know. Fundamentally, I don't think there is anything underpinning this thing beside pretend/play time (lets pretend the that stabilization is organic and not driven by government intervention); and fraud (lets not look at where banks have marked their 'assets.' Technically, there is A LOT of money that doesn't pay attention to fundamentals or valuation analysis. We have not hit levels that turns that ship around yet. But this is a crack in their bow.

If I get a bounce into month end, I will sell the piss out of it. Lord, I hope I do... I feel like a rube today. This is what happens when 'they' train you. Markets are always there to humble you.

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