There is a very dangerous flu out there that is sweeping across governments and bureaucracies the world over. You will not hear about it from the CDC as it is not on their radar yet. Needless I want everyone to take precaution to avoid being infected. You must be very careful out there as the virus is extremely contagious. It is called the We've Got to Do Something Flu".
The symptoms start out as simple tinkering and meddling for political and personal gain and mutate into full blown manipulation in an effort to preserve political and personal survival. Now this is always done with others money, in this case the taxpayer.
Did you happen to catch the CNBC interview with Michigan governor Jennifer Granholm today?
I thought she started off well and looked fine but then out of the blue she cried out "we've got to do something!" You must take precaution for as I have said earlier this virus is extremely contagious and can rear its head at any moment. Note that as things deteriorate further economically the virus becomes stronger and potentially lethal.
Gov. Granhom has fiddled while Rome (re: Michigan) has been burning for years and now is exhibiting symptoms that Philippine President Arroyo, OECD big shot Angel Gurria do, and countless others who attended the Davos sumit have.
Please know that this virus is not limited to politicians, as it can and has infected such notable 'former' free market capitalists as Steve Forbes of the magazine Forbes, John Bogle of Vanguard, Bill Gross of Pimco, to just name a few.
Do not fall victim to this virus no matter how impassioned the plea as it is fatal to our economic well being (bond market, currency) and is WITHOUT QUESTION much worse than our current state of health.
I want to lower my stop on JPM down to $27.35
I want to lower my stop on WFC down to $20.20
I was stopped out of my long UCO position at $9.35 for a loss of about $1.25 pts on 1 unit.
I was stopped out of my long MS position at $23.85 for a loss of about 2.5 pts on 2 units.
Good speculating to you all and never forget that "an investor is a speculator who made a mistake and will not admit it".
Long 2 units Ultrashort MSCI EAFE ticker EFU @ $89.80 stop at $89.80
Long 2 units Ultrashort S&P500 ticker SDS @ $69.80 stop @ $66.15
Long 2 units Ultrashort Real Estate ticker SRS @ $53.80 stop @ $47.18
Long 1 unit US Gasoline fund ticker UGA $21.85 stop @ $19.58
Short 2 units Darden ticker DRI @ $27.15 stop @ $28.70
Short 1 unit Wells Fargo ticker WFC @ $20.20 stop @ $20.20
Short 1 unit JP Morgan ticker JPM @ $27.35 stop @ $27.35