Monday, October 27, 2008

Stockmarket Implode Week of 10/26

Now I am glad that we shorted the diamonds DIA and went long the DOG.

What's going on here is very simple. In his efforts to bailout the world Paulson has told you that the economy would melt down unless the US working stiffs pay for the bad buys of global elites. That would be like your hard-working, but gambling addicted neighbor telling you that you would be financially ruined unless paid off all his bad gambling debts. You wouldn't believe that for a second, it's obvious that the only way you could be financially ruined would be to pay his debts.

But you and I don't get a choice in this the global bail out. Wait a minute maybe I should take that back at least we got to short the market. Let's see if it implodes by 3000 points.

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