Smoking Securities

Half Baked High Finance

Look Out Below

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Here is a long term look at how bad this market is for investors.
Nothing is going up and the volatility is high.
Banks are making a run to 0.
The only potential silver lining is the catastrophic ratio between down/up volume, but I wouldn’t wanna try and call this capitulation ahead of time.

All in all, the market is clearly unable to catch a real bid, and as we begin to see 12/14 year lows get breached, people will get increasingly fed up. I suspect tomorrow’s open will be rough for the longs, but I’m keeping my eyes open for a “WHY THE FUCK ARE WE GOING UP?” rally.

P.S. Am I the only one happy to see the efficient market theory consume Berkshire Hathaway? Somebody buy Warren a Cherry Coke once you make a killing short AXP.

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Written by chucklesamadeus

November 20, 2008 at 3:59 am

Posted in BPFINA, BPSPX, NADNV, NAUPV, VIX

Tagged with , , , ,

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