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February 27th, 2009 at 3:23 pm
C/Cap – Still 3.5Bn shares to go before everyone is rotated out.
Bloomberg has come up with $11.6Tn in bailouts to date.
Woodshed/Doc – Oh yeah, I feel it!
Watch XLF at $7.60, if they can’t hold it we have trouble.
I see preferreds selling off again, that’s not a good sign.
No rally and too scary to be bullish into weekend. Need to move to more bearish stance in case we get a big drop. 1/2 DIA putters for now, tight stops (.25) on the rest.