Wednesday, September 21, 2011

GS

GS heading slowly but surely to my $78 price target. Below $100 here

Dark

Blog will be dark till I get back early October- In the meantime my system is also giving me problems (Windows grrr) while my faithful 4 yr old macbook has never had a problem with software, go figure why APPLE stock is at all time highs. BAC long term debt was just downgraded and at last look it was @ mid $6 range. I would not be buying anything here AT ALL. I don't care folks. CASH is a position just have patience and either you will have cash reserve to buy very cheap or you will have cash to put on short positions if we go higher- I think we are panning out a top here and the higher pain would be 1245 while I think we will crack 1110 on the S&P and head to 1080 but it is a chop fest till then.