Wednesday, August 12, 2009

The fed.........

Made there announcement (they are doing nothing - but hey isn't that what all government entities do?) and the market moved a whole 3 points lower initially - and now we are back to today's scheduled program of squeezing shorts.
The REITS are starting to wither a bit...that's a tell I tell ya. Lower prices are on the way.

So far Im in for BG (deal tonight), WRI ( a new issue preferred) and MPEL, I have to stay short to buy all of that. There are 3 deals I said no thanks to - I dont want you all to get the impression that I'm easy.

More later

JB

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