Well this is why I always talk about BIG money. Big money are the real guy who can make or break a market like George Soros, Jim Roger etc. The two above along with Roubini today said the idea of a bad bank make no sense and proclaimed the use of good money to these weak banks is making the situation worse.
You dont have to listen to me and what I rant on here but listen to the big money, these are the guys that have the handle on the wheels and you should not talk their words lightly.
MARKETJEDI
Wednesday, January 28, 2009
Video
http://finance.yahoo.com/tech-ticker/article/164831/NYUs-Roubini%3A-%22Nowhere-to-Hide%22-from-Global-Slowdown
FED Day
Today is FED day and I think it might be wild. I would not be trading after the first hour till we get the announcement after 2:10 pm EST
The laugh will be on long term investors here
Now I wrote a brief note yesterday on the possibility of talks of a bad bank model by the Government and surely this morning it seems like it is true. I was hoping it wasn't but who am I, flocks this will just prop us up because the average guys will believe all is well and they big guys will sell into this rally.
We should see a squeeze here on the shorts and if we dont well bye bye :). I believe in the next 18 months we will be much much lower. So what do we do here? well you got to go with the flow and if it is long well go long. It will just be another false hope rally that wont do anything but set up a excellent short opportunity for big money. People don't understand that they are goign to need about $60 trillion to buy up all the toxic assets, where are they goign to get this money from??? They are setting the dollar up for on great disaster in the future and as I said in my email out last week, I think when that happens commodities will be the place to be.
One thing I know for sure, this will all end badly indeed. Right here and now I would not be short and most of you know I have been preaching not to initiate shorts here and I expected a bounce, now here comes the bounce so play it long or wait for it to get weak then short it.
Remember what that 883 level, we break that 900 here we come.
MARKETJEDI.
We should see a squeeze here on the shorts and if we dont well bye bye :). I believe in the next 18 months we will be much much lower. So what do we do here? well you got to go with the flow and if it is long well go long. It will just be another false hope rally that wont do anything but set up a excellent short opportunity for big money. People don't understand that they are goign to need about $60 trillion to buy up all the toxic assets, where are they goign to get this money from??? They are setting the dollar up for on great disaster in the future and as I said in my email out last week, I think when that happens commodities will be the place to be.
One thing I know for sure, this will all end badly indeed. Right here and now I would not be short and most of you know I have been preaching not to initiate shorts here and I expected a bounce, now here comes the bounce so play it long or wait for it to get weak then short it.
Remember what that 883 level, we break that 900 here we come.
MARKETJEDI.
Subscribe to:
Posts (Atom)
