Well my long call was straight on a couple weeks back and as this went up I took my profits. Now this morning I am perplexed on what do with this GM news. It seems our glorious government that will give 100plus billion to AIG, no question ask that some how finds it's way to Goldman and overseas banks takes a stick to our auto industry. Market doesn't like it but how can you blame em. This changing trends in policy and rules midstream has people confused and paralyzed and you don't want that when your trending water after your boat sank.
As far as trades go I am waiting for some reaction type panic set up for some scalps and observing the stocks that don't sell to see if they become leaders on the next bounce.
As far as this crisis goes and the fed, South Park's episode explains it beautifully.
I especially like this part below. This explains the logic behind the fed and how they come about their decisions.
This is funny also:
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