This morning we awake to learn of a desperate attempt by our government to prop up falling stock prices. Never in my lifetime did I ever believe I would see such a thing however it is here and now I can complain about it, or embrace it and move on. At the end of the day, my job for myself and clients are to make money regardless of the rules or environment and that is what I must do.
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With the financial system falling apart and socialism abounding, Quint takes a moment to discuss a few things.
You caught the news late on Friday and with an eye on your screen and one on the door you saw futures ramping in the after hours. Over the weekend, the news was announced and the subsidizing continued. Of course your initial thought was ‘eh sell the news’ and you continued to enjoy your weekend. Now you fire up ‘ole faithful to see the real deal squeeze fest underway to start out what should have been another lazy Monday.
After a brief respite, Quint is back in the saddle discussing this terrible tape.
