Thursday, October 23, 2008

Are There Still Shorts to be Found?

After 2 days and 900 points down, I am still some how finding shorts. The market is moving so fast it is hard to feel safe recommending new ideas.

It is difficult to guess at a bottom.

I was speaking to one friend who thought the market would calm down after the election. I don't think that will make much difference but hopefully I will be wrong.

I saw 2 articles this week, one said the economy may not be in bad shape and another that said we were at a bottom. Taking a contrary view you would have to wonder about both.

When things are on the front page of various news papers bet the other way.

So, got to look forward to the world series. That should be fun.

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