Monday, November 16, 2009

Fast Money Curse

Bulls were 4-0 on Fast Money, and we are getting the reversal in the indexes that one would not get unless you get the blatant bullishness that you can only gauge on a place like Fast Money.  At these levels, the bulls have very little room for error.  There are not strong longs or strong shorts.  Everyone is a weak holder in a game of musical chairs.

P.S. - A market that can be shaken loose by Meredith Whitney being bearish again is one that is wanting to go lower.  I will be looking to put on another bearish position soon.  Odds for a gap up tomorrow are low.

1 comment:

Anonymous said...

MW is bearish now?

She said back in July that banks will go up 15% from here.

Well she was wrong, they went up like 100%.

I thought she downgraded GS a month ago.