March will go down as the best month for the indexes since 2002 but that could not save us from a terrible quarter for the markets. This quarter ending marks the sixth straight quarter of losses for investors in the stock markets and the upcoming months might prove to be much of the same. I read an article today about the upcoming crisis socially due to rising umemployment, crisis we have not seen in this country for decades.
Europe is going through a very difficult time and I see it happening there very soon as the Europeans are not as naive as us here, sorry if that offend anyone but it is the truth. The realization here is that we have sit on our butts too long as the politicians give us crap and we suffer in the end. Imagine President Obama told GM CEO to step down but he still gets $20 million, really is this right? Do I get 100k if I leave my job for not performing? really why do the authorities that be stop this and we the taxpayers pay for this over and over. I mean we are nothing in the grand scheme of things but pawns for votes, that's why people who are ignorant who like to talk about they are right wing, left, wing , liberal , conversative, I say you are PAWNS on the table. The king, queen, knight and rook cares rats ass about you, that's the truth. They dont care and if you tell me more than that PROVE it to me!
Anyways I told myself no rants this year because I will get hate mail and I don't have time for that crap.
April 2 is very important, that's the date for the mark to market decision, it is playing out tricky for me to give some plays as I hoped that the market would ramp up into the decision for us to get a decent short. Right now I am thinking we will see 750 area soon. The bull struggled today to stay about 800 after they had a good chance to and that makes we think we are going to correct the upward move here. Watch the banks to sell of here in the first two weeks as they are overbought.
Keep it small and light here folks we will soon get the lights outs of our eyes and get some excellent quick plays.
MARKETJEDI
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