I will be on and off today as I am having software problems I am trying to fix.
Well the first serious casualty of the mortgage market seem to be here today as TMA got a notice of default for not meeting its margin call. I said it once and I will say it twice, this mortgage ship will end up like the titantic.
Lets stay nimble today as I think next week will have greater opportunities after we pass tomorrow job numbers. What can I say about OIL! Everyone know I am a oil bull but seriously we should not be here. I think we will get a pullback here as the trade is crowded but after we should mount higher again, we will see soon enough. Cramer calling oil to 125 from here great call, that's about 20%. I called 100 oil when it was 35, hmm almost 300%. Don't listen to the talking heads, prime example the Investment banks. I think they will crash and burn and I am looking for much much lower prices on the investment banks.
Stay tuned.
Only here will you see the real light.
Have a great day
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