Originally Posted by
Big Ben
Here is some actionable advise.....sell siri .4190 buy order .3905. I am also shorting the dow DOG, triple short on the financials FAZ, and also shorting China FXP. These stocks have taken a beating on the recent bull market, which I believe to be a bear market rally. The banks are borrowing money at 0% and lending it out at 6% or higher, not real hard to show a profit on that split. IMVHO the system is broken. An entire generation of investors have walked away and might never get back in. The housing debacle is nowhere near over and this was one of the big contributors of this mess we are in. I know that to be a fact (I run a Mortgage Servicing Company...ie bad guy for the banks, the prior bullshit is just my opinion.) I would shave my position on just about anything I have a gain in. The analysts who keep reporting "better than expected results" need to be take back to the farm to heard their cattle. Put the bar low enough and a squirrel could jump over it. Don't believe the hype! For example Ford which I love, loss a shit load of money in the past quarter but hey they are getting it right on the balance sheet.....bull shit....these car companies are losing market share everyday. Without HELOC loans most Americans will never get back to the rate of spending they were up to in the past few years....(wordy) As for MB, SC..one of the slowest seasons I have ever seen since 1999...my barometer is golf courses, restaurants, ICW, marinas, boat dealerships. Things are bad and not getting better anytime soon. Good Luck DYODD...I would not have posted this if I was not putting money/cheddar behind it.
Big Ben
Who is fin psyched for football season?