Well,
Markets close, and it exceeded my expectations. I had 2 steep shorts on the Yen and they are now money makers. I think there will be a serious retracement down to 98 tonight. I will not set positions until midnight.
Stocks - Again, shorts and retail/bank news was not the friend today. Guess what? Next month will be no better. Asset management is necessary now. I think the only way out now is make the consumer solvent which will trickle up. If I were king for a day, I would give it all to the people. Redistribution of wealth.
PANIC- Can you feel it? I can, all around me.....six months of calling a "G" and hold position. I'm only up 3% since July. 3% is huge money on this side of the market.
GOING BACK IN - November (maybe). Can you see the writing on the wall? No one will trust a Republican as far as they can throw them. This is a lost cause. The numbers on the street are reflecting the expectation of the democrats taking office. Please, be patient during the assimilation. It may be painful.
Religious? I think you will see some church's increase their membership. Prayer will get you through this and you should be looking at him to help you cope and get through this.
Circle - This circle is wide....I'm guessing two-four years. My college-age kids will ask me about the days the Dow was over 10000. It is then that I hope that they will:
1- not be in a position to freak out about the markets
2- never had been offered a sub-prime loan
3- Always use the term "credit card" in the same sentence as "in case of emergency"
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