Monday, 18 July 2011

up and down and in the red

Stressed out- yeah a little. The market been going crazy with volatility. A lot different from last year heh. Portfolio taking a hit. Look at the Macro picture instead of the short term movements. Quaterly earning are coming out. I think Apple is coming out tmrw. Another blow up for them huh and then low guidance so they can beat estimates again. Actually I expect many of the important earning to be well. Not to much of a surprise wen they earning.

By Aug 2nd debt ceiling needs to be raised. Be following this for a while now. It seems the attitude finally changed for the republicans. At first I thought they were going to use the threat of default,etc to get what they want. It seems like their more willing to compromise as the deadline approaches and they are painted as the bad guys...?

I can see a knee kick reaction when they approve the raise in the debt ceiling. So gonna get rid of my shorts before then. Prob next week. I have a few short in place right now. There not as effective as I want them to be. There like a band aid over a gunshot wound of my gains.

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