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Congress really shit the bed today. It is a fact that many of these shaved congressional apes are too stupid to understand what they're even voting on though so you can't be too surprised. READ THIS
Please remember this come election time!
I can't imagine what the market would have done today had the no-short-sale rule not been in place.
Attached are some stocks to watch.
Everything continues to break down but don't be surprised for a huge move up should congress decide to do something else unexpected later this week. If you must trade, I recommend limiting your strategies to strangles, possibly straddles, and OTM Puts (only on a bounce, not after the market just puked up 8.79%).
Monday, September 29, 2008
You serious, Clark?
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