So the news is that monkey Dana Perrino is out saying that Treasury could buy equity stakes in investment banks?
What the hell is this socialist bullshit? Why the hell can't the government buy an equity stake in the pharma company I own? Or GE?
Obviously, I didn't have a great day in the market, though the pain was mitigated by my high cash position and my automotive short. Still, I did short puts on a financial (oh I'm in it for the long run like all the dumb value investors on CNBC) this morning and while it's a tiny position, it will hurt.
Thursday, October 9, 2008
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