S&P 626 or 600...What's the Diff?

Thanks to my boys at bigcharts.com the above chart highlights where we are, and where we are going. In November, I called for 626. Today I am taking it down to 600 where we can probably rally back to the 750 range for a bit. Like I said in November, sell your longs, take your lumps and get short. There is simply no fundamental reason to be buying stocks, in fact the only things you should be buying right now are:

gold
guns
bullets
body armor
booze
bottled water
canned food.

Tough times folks. See you all at 600...where I will probably start talking about a new level with a 4 handle.


--The Angry Trader.

And another.....FUCK YOU!!!

The 3 stooges: Spend, Bailout and Entitlement.

Spend, spend, spend, spend, spend, spend, spend, spend, bailout, bailout, bailout, bailout, bailout, entitlement, entitlement, entitlement, entitlement.......ENOUGH OF THIS FUCKING SHIT!!!

So my boy Barack puts forth his health care agenda and guess what?? You get another hand in your pocket!!! HAHAHAHAHA. Hey mom and dad...remember how great it was that a Democrat got elected? How is it going to feel when you can't retire in a few years? Did you ever think that you would have to work well into your 70's? Thank your boy Barack. This guy spends like an alcoholic drinks. Fuck it, why not. We are all going to hell in a hand basket, why not try now.....

But this is what I cannot take. I get to pay for everyone else's health care. Just like I get to bail all of you sub prime mother fuckers out of your upside down mortgages. MORAL OBLIGATION? FUCK ME!! AND FUCK YOU!!



This cannot keep going on...and by the way...where the FUCK IS TIM GEITHNER? This mother fucker is pretending to be Dick Cheney!



I am sick as an American. This is not the American way. This is not Capitalism. This is a ridiculous form of Socialism that is going to expedite the demise of this country in terms of Global Leadership. Then where the fuck are we going to be.



Are you all ready to work in a Chinese owned sweat shop making $1.00 a week?



YOU FUCKING BETTER BE!!





--The Angry Trader.

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.