Back from vacation, relaxed, refreshed and ready to go! A quick bit of unsolicited advice, if you haven't taken a break from work, DO SO IMMEDIATELY ! You will be much more productive in all facets of your life, business, family social. It is worth the expense !
Lots of news while I was away, not to mention lots of condos for sale in Florida. I spent the bulk of my time in Orlando but did get to Tampa and Clearwater. I can assure you in talking with family and friends there along with what I saw with my own eyes, we are no where near a bottom on the housing problem.
Citi looking to unload 12 billion in leveraged buyout debt. Remember all that crap that made Merger Monday on pom pom TV a reality. The headline news was the paper was going to sell at 90 cents on the dollar but the fine print shows they are offering to eat the first 20% loss. Again this is contained to subprime, nothing to worry about here folks. Besides don't you know the economy is resilient !
Jefferson County Alabama on the verge of bankruptcy. Anyone know where Bob Citron is working now and where is his abacus ?
GE misses their numbers. And here I thought the weak dollar was great for this international behemoth. The disconnect between the reality of the facts and the delusions of the equity market participants is coming to a head. The realization that these wildly optimistic earnings estimates by Wall Street are completely out to lunch wil be a bitter pill to swallow for the short bus riders. Don't get caught in the panic.
Good Speculating to you all.
Long 6 units Currencyshares Japanese Yen ticker FXY @ $88.55 stop at $91.40
Long 2 units US Gasoline Fund ticker UGA @ $51.25 stop at $47.84
Long 1 unit Ultrashort Dow ticker DXD @ $53.20 stop at $50.80
Long 1 unit Ultrashort Russell ticker TWM @ $74.80 stop at $72.40
Long 1 unit Ultrashort Nasdaq ticker QID @ $44.65 stop at $41.30
Long 1 unit Ultrashort Financials ticker SKF $102.20 stop at $95.80
Long 1 unit Ultrashort Real Estate ticker SRS $86.40 stop at $81.70
Short 2 units Daimler AG ticker DAI @ $86.20 stop at $88.05