sentiment

Mannwich Says:
April 16th, 2009 at 4:03 pm

Raised more cash into the close as well to load up more shorts if this nonsense continues. Liquidated some long positions that I wanted out of. Now mostly short by quite a bit and feeling like crap about, so it must be good. Now off for my first road bike ride of the season! 73 and gorgeous here in the hinterlands…..

Mannwich Says:
April 16th, 2009 at 5:57 pm

Bingo. GOOG = buy the rumor, sell the news. This next leg down is going to be even more entertaining to watch the pundits look like fools AGAIN.

Mannwich Says:
April 16th, 2009 at 6:56 pm

@Mike in Nola: I would argue that this confidence game isn’t designed to replace jobs. It’s designed to pump up profits for the lucky insiders who are in the know so they can be made whole while they kick the can down the road. And then we’ll hear how we’re right on the cusp of turning the corner time and time again and “things aren’t really that bad” in comparison to other times (which is somewhat true) but tell that to the unemployed, levered up, and with no prospects on the horizon outside of a job at MCD. Collateral damage.

Mannwich Says:
April 16th, 2009 at 8:20 pm

On another note, this would obviously be bad for the O administration if there’s anything to this…..is there anyone in positions of power with clean hands? I think not. I honestly think there would be endless perp walks if they truly started peeling the onion. That’s why it’s not going to happen.

http://online.wsj.com/article/SB123992516941227309.html#mod=djemalertNEWS