Ladies and Gentlemen,
As of 9:20 EST in the USA, the Dow futures are up 425 points. This morning, the SEC banned short selling on 799 financials and nearly all of them are poised to make near-record gains.
The SEC, Fed and Treasury finally decided to step in and do something about the slaughter earlier this week. There's supposedly a plan to bail out most of the toxic financials by creating a gov't entity to take on all of the bad loans that've been made since this whole mess started. Nevermind the moral implications of bailing out the crooks that begat this current situation, a lot of people are going to be made very wealthy today.
My last move of the day netted me $331 in 24 hours. Today Cdude's move of the day is:
HOLD YOUR FINANCIALS. Wait until you think you've made enough profit and THEN sell. I'm currently holding:
196 shares of ETFC which I bought at $3.03/sh and
31 shares of ABK which I bought at $6.18/sh.
Mark my words, if this doesn't set any records, it's gonna be damn close.
Currently playing: Civ 6
