G.C. Lichtenberg
The Psychology of the Call team (POTC) refuses to cheer or jeer for what is transpiring, as some of it is positive on a macro-economic scale, yet some of it negative on micro levels, i.e. market/trade efficiency. The banning of selling short 799 financials has caused a market dislocation, and some participants are steaming mad. Many lawsuits are being filed, and as you continue reading, we will offer a compelling stock pick that will take advantage of the developing regulatory actions and cosmic proportion of litigation proceedings ahead of us.
The Island Where Forward Thinkers Evolve has stressed the importance politics play in money & banking since February, and what an unfortunate last few days for strict technicians or fundamental analysts, as the full force of the U.S. Treasury stepped in and temporarily stabilized the market inversion. There are still those who doubt HMP's "Newer Deal" will work: that's fine, but as forward thinkers, we will find ways to trade this market and let history be the ultimate judge.
We know the "11 Commandments" will continue to play an important role in our future trading successes. Many sophisticated traders are dumbfounded and trying to make sense of what is unfolding, and we do believe only those who have practiced defensive tactics will survive this market cycle and whipsaw. If you feel G.C. Lichtenberg's quote carries any weight, please do take a moment and review all of the 11 Commandments before you place your next trade, because the change in front of us remains enigmatic.
In February, before the collapse of Bear Stearns, we pointed to the "foundational crack" in banking. Now, we believe...
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2 comments:
I like 2 of your stock picks!
S&P futures are off by 8 points now at 10PM ET.
CRAI and AMN both disappoint :(
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