Maybe Crazy

Maybe I am crazy or just stupid but the stress test just came out and people are jumping for joy because the banks need some more money to sure up their balance sheets.
Ok let me get this BAC has a market cap of about $70 Billion and they need $45 Billion more to sure up the balance sheet but the stock goes higher!!!!! Citibank the same!!! maybe my math is wrong but I think I can file to get some money from the TARP and have a credit score of 850. Geez how dumb are people to be so gullible to the factS staring in their faces. These were the same idiots who said housing would not spill over to the economy and all the banks were initially safe and that unemployment would remain in the low 5%.

Listen folks this is the last time I will say this all of this movement up is corrective move of the massive sell off we had for 18 months, NO market goes in a straight line BUT the trend is down, if you want to go start buying stock go ahead but you better exit before we reach the top of this wave. I have corrected my wave count of this being wave 4 to wave 2, that would mean we are going a lot lower since wave 3 is the sharpest and longest leg of the wave structure.
Lets see what they do tomorrow already Wells Fargo is getting a beating after hours with some of the other financials, while some are up.
I would love to see where we are in 18-24 months in my crystal ball but I guess we will just have to wait and see.


MARKETJEDI.