Bulltards got slaughtered today.
Probably the only thing up today:
“In other news the price of human brain per gram (Hbpg) jumped from $15.20 to a new 52 week high of $1022.38 on friday. Analysts predicted no end to rising Hbpg prices, pointing to severe supply constraints. Analysts cited an increase of inbreeding and culturally induced idiocy.
Furthermore the grey cell market was badly shaken earlier this week by rumors about a sharp increase in the number of humans born without brainmatter. The rumor was quickly refuted as a marketing ploy of E-Z Credit Co Ltd (NYSE: DUM) to promote their brain substitute. But the damage was already done.”
Haha. Just kidding. Have a great weekend all.
Friday, February 29, 2008
Bulltards Get Slaughtered
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5 comments:
Ben appreciate your blog. I daytrade mini-es, so I dont really care which way market goes. But, I pulled my retirement account last November and put it in a CD 5.50%. (actually thought i was going to miss the last run-up to 14,700ish, sometimes you get lucky). Anyhow, you calls have been really good, and I also could not beleive the market had a couple of green days on that terrible news. All the better for you to SS. I have been bearish for about 2 years now, and I just dont know how we get out of this, without some "tin-foil" stuff... like things get really bad... your thoughts? thanks
Yep, I've had some fun watching this market the last several months. I was lucky to rollover one old 401K to IRA at the very top and it went to "cash reserves" and then cashed out of one fund to get more into "cash reserves" and then I did the same to a good chunk of my current 401K. So as long as they keep that $1 NAV, I have about $100K Oct-Nov 2007 cash sitting on the sidelines and its nice to see getting a couple $100 bucks every few weeks while everything else goes to pot. Yes, I've lost some but not as much as I would have. I do have couple 1,000 shares of AT&T/Verizon from inheritances, but I'll just buy more of that when it gets way down. I just got about 13 more AT&T shares & about 4 shares of Verizon from dividends a few days ago.
Brant, Atlanta, GA
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