Worst quarter since financial crsis

last Quarter was the worst quarter since the 2008 financial crisis

Markets death

Traveling yesterday through airport I got a chance to see the bloodbath of the markets on tv monitors. I had no idea how bad it was till I got internet connect where I am and saw the financials, Gold, Silver and even Oil shot down heavily. It is so funny I ALWAYS miss the big days having appointments or traveling. Good I had set up some shorts when everyone was saying buys that are now well in the green. Here i am looking for new lows on the Financials, I expect GS to make new lows, BAC, MS and everything else in that sector. Gold looks ripe for the pickings as I said before it is just a matter of time before we get deflated on that one before we go again higher. Based on yesterday action as I am away overseas I would say everything was being sold and as such I would look for the regular Gurus like Cramer and such to be in the tube saying this and that stock is CHEAP. Yep I agree and they will get CHEAPER. Remember in the grand scheme of things I think when the stocks like GOOG trade down to 300 area that's when we will get a real good buying opportunity everything else now is just a short term buy for a trade. The market is weak and I would just be buying here at all I dont care. I truly believe those in cash now will be rewarded when we go much lower to really get a nice spot to buy stuff.

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.

BAC

Once again below $7.00

Reality of America's Poverty

http://news.yahoo.com/behind-poverty-numbers-real-lives-real-pain-151738270.html

Blog Dark

Blog will be dark for the next two weeks. Have been having system problems and on top of that I will be traveling for business and have to prepare presentations. Just not enough time to do it all.