Pulled My Orders

I have pulled my orders to go short for now. I think this "larger than expected" QE II will do the trick of getting optimism to an extreme and lead to an even better opportunity to go short. It is crystal clear that the way the $600 billion figure was chosen was to look at expectations and beat them. Straight out of the GE "beat by a penny" playbook. Sickening.

3 comments:

Onlooker said...

They did go out to the market and ask what they wanted after all, right? So not surprising that they "hit the sweet spot" of market expectations, it would seem (so far, anyway).

It is always entertaining to watch the spasms in the markets on these Fed days, isn't it?

Tsachy Mishal said...

I love the spasms. Its a great time to get orders filled that seem out there.

caveman said...

So true on the GE comment...