Thu 17 Jan 2008
Bush, Bernanke Support Stimulus? Bailing With Buckets on the Titanic
Posted by RichSlick under Easy money
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This headline might as well read, “Bush, Bernanke support using buckets to bail water out of the Titanic” because that’s what any stimulus package will look like on the USS Titanic Economy at this point. The chorus is finally gotten loud enough for people to understand what’s going on; it’s a total market meltdown in slow motion that started back in August of 2007.
Fortunately, I’m short as I picked up shares of SDS and will likely get called tomorrow to rake in some additional profit. My EEB play will expire worthless and I’m looking at selling June or July options for 6% return in this depressing market.
Hope you’re making money today
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