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Non-Tech : The Conflicted Thread -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (619)	11/28/2011 11:29:32 AM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 841

no shorts here :O)... after so many down days... holding shorts over the weekend would have caused my hair to fall out.. and a large puking sound this AM LOL phew ! actually took a starter position in PSN (TSX) this AM, mostly to keep an eye on it.. not your cup of tea though.. big yield.. but capital appreciation expected.. Needed to place my 19 year olds TFSA dough in something...

To: Frank Pembleton who wrote (619)	11/28/2011 11:46:02 AM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 841

(edit) This is why I had no shorts going into today. Everything is just so damn gamed. Hard to react when everything is a gap up/down at the open. Today's rally looks very fake and short covering induced. ZH had two pieces out over the weekend one showing the % that black friday matters towards GDP (nothing significant), another piece on how the 2nd best black friday was 2008 - oops. You of course have the uncounted inflation factor and you have that more people are unemployed and needing the discounts/willing to work/wait for them. Bond markets saying nothing has changed and even CNBC is ridiculing the rally. Short term maybe this continues due to negativity and short covering unwind, but I'm more likely to short again in a few days vs add to longs. On the positive side SLV, GLD and FXE all look like they could bounce more than a few days here. But I think reality (EU bond yields) will continue to trump everything.