A Day Trader's Wet Dream

Directionless tape, Clueless Administration.

Amazing day, simply amazing. From down 200 to up 50 only to close down 80. What the fuck is that? It is the sign of indecision, lack of conviction and a very unhealthy market.

I was out last night and I missed the modern FDR's address to the nation. When I got back, my God, the liberals were jizzing all over themselves...how great it all was.

Note to everyone: things are worse than you think. Trust me on this. We are now talking about banks....but it is housing that will turn this market. The fact that we cannot even address housing until the bank stress tests are done is going to, in my humble opinion, take us to new lows again.

I do hear of June Q numbers being up vs. March, but the reality is at some point there would have to be restocking of certain products and components. But there is NO demand. NONE. Until some demand returns, and I am talking real demand, we ain't going to bust a big move. If we do----look to put your shorts out. It will be just another bear market rally.

One last thing...Obama and his crew, Barny the Fag Frank and all the other Congressional retards should be prohibited from being on TV during market hours. The minute they open their mouths, the tape rolls. I used to think it was a Bush thing. Now I know. The street hates D.C. and trusts it even less.

--The Angry Trader.