Thursday, August 4, 2011

CNBC, The Business World's Leader Alright....

For those unaware, today in the markets, this is what a global garage sale can look like. Sorta,kinda like a global version of Hardcore Pawn on TRU TV.

I have been tweeting today as things have progressed. For those unaware I am now on Twitter and you can click on the icon at the upper right of the blog to catch my feed.

As I said earlier if this is how CNBC reacts with the Dow -400 pts, imagine what happens during the 1 hour halt after the Dow drops 1200 pts. I really don't know who is worse, the anchors or the guests.

I love this broker/ crumb chaser fee based as opposed to commissioned, like that means your VIP instead of steerage, guest on CNBC utter "time horizon", "garden variety pullback/recession".... too funny. Rip your face off rally. The never seem to mention the rip your face off decline. They're garden variety all right.... garden variety vegetable.

TARP rescue, QE 3/4/5, stimulus, buy the dip, mkt is off its lows...... where the heck is Neel Cash 'n' Carry when you need him?

What would you buy? Wow? Like Pavlov's dog. Buy, buy, buy.

Experts huh..... I repeat yet again, the business world's leader alright.... leader in boobs and boobs in chairs. Govern yourself accordingly.

Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".

Open Positions:
Long 1 unit Direxion Large Cap 3X Bear ticker BGZ @ $96.70
Long 2 units Direxion Small Cap 3X Bear ticker TZA @ $60.30
Long 1 unit Direxion Emerging Mkts 3X Bear ticker EDZ @ $60.50
Long 2 units Direxion Financial 3X Bear ticker FAZ @ $98.25
Long 2 units Ultrashort Xinhua China ticker FXP @ $42.45
Long 1 unit Ultrashort Real Estate ticker SRS @ $49.10
Long 2 units Direxion Tech 3X Bear ticker TYP @ $52.60

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