Originally Posted by
Big Ben
Socal..not drunk but better, lol. If your a real Cally boy you know what I am talking about.
Shorts are going to hit today, if anyone is looking for a 4-5% move. FAZ is due for a nice pop up and FXP should start its way toward 9. After looking at the volume, maybe not quite 9 but a nice move at that. Good luck all.
In the news segement....GMAC is getting another few billion...their done. GM and Chrysler are in trouble, don't get it twisted. The housing numbers sucked...the media calls it flat...I love it. Housing is going to be the countries biggest problem for years. Any profession in or touching housing is screwed. The info I am getting from the banks is about the shadow market, it never seems to get any real attention....well its real and its way worse than anyone can imagine. Don't ask me though, I only run a Mortgage servicing company covering over a third of SC, more than half of the coast of the entire state...lol. One more...unemployment state wide is 12%, some counties like Darlington, Marlboro, 18-20%. Maybe some road projects will save us...what a joke...don't forget, without the government stimulus our GDP would still be negative...recession/depression type conditions...but hey keep reading the headlines, buying stock and don't worry we are on our way out! Bullsht.
Big Ben