Remember in Feb 2007 when the Sibprime first broke. The CEO's of the major Financials all said its just the subprime lenders and the FED said everything is OK Housing is OK and this is temporary. They said DON'T FIGHT THE FED" Well the financials and the market rallied up into May of that year and they all had "better than expected" earnings. Then in Jul when Countrywide hit the CEO again came out and said its not us. The financials held up until mid Oct 2007 and the market rallied into Aug 2007 and they said DON'T FIGHT THE FED" Then in January 2008 Bear Stearns went under and the FED arranged a bailout and the market rallied and they said DON'T FIGHT THE FED" ..During this whole phase the FED seemed to be in control and the "experts" said stocks are cheap and there is no recession and hold for the long term and DON'T PANIC.
Now look at this week....The FED looks like it has lost control and the financials are in a death dive and you knwo what they are saying They are saying BE SAFE WITH YOU MONEY and I don't hear them saying DON'T FIGHT THE FED. I see this "crisis" all over the newspapers and the Nightly News.
They are telling you to sell now and be safe ...buy Gold buy treasury bills with your retirement money. I say BULLSHIT
I SAY YOU "EXPERTS WANT THESE FOLKS TO SELL THEIR STOCK AT THE LOW. I say the market is a buy not a sell. and I say that Gold is a short not a buy. At least you are hearing the truth from someone.
Established in 1995,
...what a great week! 
Well shorted BBT today at 40, covered at 37, now shorted again at 41 and some change. I did unload the DGP (stopped out) and PMPIX for probably one of my most profitable trades ever. 
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