Thursday, July 26, 2007

This market had it coming

Between the lying and pandering Fed and the lying and greedy CEOs, CFOs and analysts (aided and abetted by CNBC) we have witnessed a pretty substantial equity bubble fostered by easy money courtesy of Ben Bernake and his posse of corrupt idiots.

For myself I'm making just a bit of money today because this morning I beefed up on QID, SDS, MZZ, TWM, SSG, SDP. The warning signs were there for weeks; now this market is due for a pretty dramatic distribution cycle.

Also n.b. that SSG is short semiconductors...the rally seems to be stalling...also SDP is short utilities...rally also stalling.

I sold AGU and BA, locking in a decent profit on BA.

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