I think we move up to the top of the channel in that graph I posted on the S&P 500 - Thats about 1215.Derron wrote:So what do you say to the talking heads that were looking for a market bottom around 9800 ?
What I don't know is how long that will take - maybe a week or a month or more.
I'll sell some there and watch what happens.
If you read what I wrote you'll know I don't think we see the final bottom till Q1 2009
I think your talking about Wachovia - the CEO was on Cramer and gave the "yea, it's all good" story and then they rolled over for pennies to Citigroup.I am holding right now...my bro in law got fucked in the ass by a three dick moose..he was holding WB, confident that the CEO had put 16 mil of his own jack into the bank..was on Cramer ( who smokes crack) pimping the bank..then he got fucking rolled in the sellout...I, did not get back in, since I think all bank stocks ( except maybe WF, suck cock).
From what I've read WF (Wells Fargo) is pretty sound, but I'm not liking any financials until after all the dust settles.
Then best of breed is Goldman Sachs - IMO