Still on a mini vacation but just thought I would write a few lines. They tried to rally us today and no dice, the sold us hard again in the last hour and we more and more looking like we will crack those lows everyone talks about being a bottom.
GS puts are printing money here. All the financials are DEAD. Citibank is about $1.40 away from my ultimate target of $7.50. YES I had citibank on my death list before anyone else :) and yes it is dead bank sorry but same as I said about Fannie Mae just DEAD. Now lets see if we can get a turn around tuesday or wedneday although I dont think it will be anything to talk about.
MARKETJEDI
Monday, November 17, 2008
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