Bizarro Land

While in Bizarro Land the market goes up every day, in the real world Rome continues to burn.
  • Tishman Speyer and Blackrock essentially defaulted on Stuyvesant Town.
  • We are about to enter the second wave of defaults for ALT-A mortgages.
  • Free government sponsored healthcare and government sponsored mortgages for all. Paid for with printed money because we live beyond our means.
  • And record unemployment at the same time as record bonuses.
So where does that put me? Unfortunately, I trade in Bizarro Land and not the real world so I am bullish for the coming week. My net long position is getting smaller as I use the strength. I will look to be market neutral to net short by the end of the week.

2 comments:

Anonymous said...

I'm getting a little bit hurt here.

I will just have to get more short if the mkt keeps climbing. Yeah this is getting a little bit ridiculous here. But I'm probably just saying that because I'm losing money.

Anonymous said...

Bizarro Land ? We just came off a 5% pullback. This rally was expected.