THIS MARKET HAS A RANGE BOUND FEEL TO IT... KIND OF LIKE IT'S TRAPPED BETWEEN A DEPRESSION AND A HYPER-ACTIVE FED...
YES, I KNOW THE BIG MONEY IS PILING INTO CITI...BUT THESE "BIG MONEY" GUYS GOTTA GO SOMEWHERE...THE RATS ARE LOOKING FOR A "HAVEN" ON A SINKING SHIP...
BUT I'M NOT SO SURE THAT'S A GOOD LONG TERM PLAY... THERE ARE A LOT OF X FACTORS IN THIS ECONOMY... NOT THE LEAST OF WHICH IS THE DOLLAR AND GOLD...
THE FED IS PILING ON THE BORROWED AND PRINTED MONEY...BUT WHETHER ITS HELPING OR HURTING LONG TERM IS QUESTIONABLE...
AND BY NOW WHAT DIFFERENCE DOES IT MAKE... IT'S LIKE GOING THROUGH THE GLOVE BOX OF YOUR CAR AFTER IT'S BEEN TOTALED...! I MEAN WILL DOW 10,000 BRING BACK THE HAPPY DAZE...? I DOUBT IT...
AND THE AMERICAN CONSUMER SEEMS OUT OF THE PICTURE.... FOR A LONG WHILE...
IF BIG MONEY IS SMART MONEY THEN CITI MIGHT BE A BUY....
BUT BIG MONEY CAN ALSO BE A LITTLE DESPERATE ABOUT NOW...LOOKING FOR A SAFE PLACE TO RIDE THIS OUT...
IT WAS THE SO CALLED SMART MONEY THAT GOT US INTO THIS MESS...
AND REMEMBER KIRK'S BIG BET ON GM...
FURTHERMORE A BET ON CITIBANK IS REALLY A BET THAT THE END OF THE WORLD ISN'T COMING.... LIKE BETTING ON JESUS TO COME BACK AND SAVE YOU...
AND ON THAT I'M NOT SO SURE...
