Bring Out Your Dead

The correction is becoming a crash and the all the hiding places have been found.

Morgan Stanley down another 7.33% on the day, Bank of America down 10% to the once-unthinkable 5.50 level.  The financials as a sector gave up 3.5% just today.  An amazing amount of apathy plagues this market as no one is even acting surprised.  Other iconic American companies are dropping like bombs all around us, Eastman Kodak headed to chapter 11, probably American Airlines as well – AMR dropped 35% today…What?

My biggest beatings have taken place in Sprint, Rackspace and Lululemon.  I have small positions in all three that have gotten much smaller this month and today.

It is 4:15 pm on Wall Street.  Traders are bringing out their dead and piling them high on the wheelbarrow.

Nothing much else to be doing on days like today.






What's been said:

Discussions found on the web
  1. Making Money Online commented on Sep 22

    … [Trackback]

    […] Find More on that Topic: […]

  2. bitcoin loophole commented on Sep 30

    … [Trackback]

    […] Find More to that Topic: […]

  3. mơ thấy bị đòi nợ commented on Nov 11

    … [Trackback]

    […] Here you can find 13534 more Information to that Topic: […]

  4. tangerine online log-in commented on Nov 17

    … [Trackback]

    […] Read More on on that Topic: […]

  5. Quality formula commented on Nov 24

    … [Trackback]

    […] Find More here to that Topic: […]

  6. 안전놀이터 commented on Dec 24

    … [Trackback]

    […] Information to that Topic: […]

  7. td login commented on Dec 24

    … [Trackback]

    […] Read More Info here to that Topic: […]

  8. lace front wigs commented on Jan 19

    … [Trackback]

    […] Read More on that Topic: […]