With the recent BULL RALLY & RETAIL numbers being good, our only explination is.....
STOP PAYING YOUR MORTAGE = extra cash to buy crap at retail stores!
America is funny, we just keep spending.
Max out those credit cards, buy your kids new solar powered bikes, charge a 90" plasma TV to your best buy account, and get into more DEBT that you can't pay back.
How long can it last?
We got word from friends at CFC that they are FREEZING 100's of socal HELOCs. Makes sense right? Why would the bank keep that loan open with your house value going to shit.
THIS RALLY WILL FAIL. write it down, take a picture, IDGAF.
2 comments:
BUYING (SRS) on the DIP!
BUY TARGET = try to add under $100
SELL TARGET = $140.
40% gains "short RE"
... and yes we added more (SMN) under $40. no gains yet. give it time.
LEH = LOWER EVERY HOUR
waiting for the next pop to get short again.
under 50 by APRIL
puts on the pop (LESPJ)
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