Well today we did practically nothing - We are definitely waiting for Geithner to inform us on the Financial plan for the banks. I am already short some SPY as I think we sell the news although we have been getting bullish signals. I am really on pause here till the market tips its hands and then jump on board, there is no need to guess.
Today Roubini was on CNBC and he said what I have been saying on this blog for months. The crisis wont end till we get new thinking and leaders at these financial institutions. This problem is huge and I think it needs a huge turn in psychology on the part of these businesses.
I can tell you guyes this now again financials wont lead us out of the mess it wont happen that way. I am getting very very bullish here on a sector that I think might be the new leader but I am doing a little more analysis on it and I will speak about it then.
MARKETJEDI
Monday, February 9, 2009
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