Sunday, April 11, 2010

Greece is the word....

Greece is getting 40 billion Euros from its fellow Eurobloc members...the baby has finally been given its bottle...Market is take a guess??? Up in the overnight session.
I was away for about 10 days out in the capital of foreclosures Lake Las Vegas...enjoyed lots of R&R with the family....It was good to be away from the flicks and ticks (as Toddo calls em) but its also good to be back.
This week Im thinking (hoping) should be pretty interesting, you get the non news bailout of Greece, and 1st quarter earnings start streaming in, oh and we'll probably here about numerous municipalities that are buckling...but dont worry your pretty little heads over those silly issues just keep buying downticks (if you can find any).
I bought some upside calls in AIG the other day - thinking is there is an enormous short position left in this POS and they should be able to post a big earnings number....I mean if ABK can put up a good number anyone can..and if AIG does the squeeze should be on.
Dont get me wrong, on a fundamental level Im still an uber bear and believe the problems and issues our economy face are almost insurmountable but.....

JB

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