Was a day of drama, and the US is looking real FUBAR.
I am not seeing an easy way out of this mess anytime soon.
I sold all of my C stock and options, and the BAC stock, kept the call leaps.
Booked enough for a new Hyundai! (Elantra)
Actually, glad to get out with a profit, these things are
starting to look terminal.
And speaking of terminal, the WSJ had a big story regarding the various ways GM could do a bk, and I think that will be the end point, a matter of when, not if.
No way Chrysler survives, they will go first.
GM put Saab into bk last Friday.
F might be the lone member of the big 3 to stay out of bk.
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Of interest, SWHC & RGR both up on the day.
Makes sense, buying protection, and maybe .22 ammo is the next 'hard' currency?
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Of double interest, we surpassed the 1000 point move
Message 25391288
and went straight for the 1997 level. |
