Monday, September 29, 2008

Bailout

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As I stated yesterday "I have feeling that it would be much better if they did not even announced the bailout than announced it and then started to play political games around it..." - today we had clear political crash. I bet a lot of traders were just looking with smile on this 1-day stock market crash followed by games in the government.

The fact that today’s crash was on light volume tell me that majority of traders are already out of the game, watching the CNN movie called "Breaking News" and just waitinng...

I think tomorrow is going to be a nice day, you know why? Because the government is on holidays…

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