Monday, January 5, 2009
Nothing Day
Another day I did absolutely nothing. Finished positive thanks to my inverse ETF's. Really starting to think about shedding my longs but I know that is the wrong thing to do. We can still rally here for a few days/weeks. Have to love it when auto sales come in -30% across the board and people cheer the fact that it could have been worse. Construction spending a little better than expected and we cut our early losses. But at the end of the day we still finish lower. Sooner or later people are going to realize that St. Obama can't save us all. Economic news will take us lower over the next 6 months or so.
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