Daily Stock Market Equity and Options Trading Commentary

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Tuesday, September 30, 2008

WOW What a Disaster! Bailout... FAILED!

Sorry I have not been able to blog lately, I have been extremely busy with school and work. I would like to start by saying that today was a complete disaster the S&P was down over 100 points! I covered all of my shorts today, because I think everything was way over sold. I think that this bailout will EVENTUALLY get passed once each crooked politician gets his/her way. If we have more crazy selling tomorrow I will be looking at calls to buy, as well as common shares... My advice is: I think it would be smart to cover some shorts, and wait for the market to have a rally to short again. I will be shorting if we get a rally of any sort. Individual stocks not necessary to name, I don't think any stock will stay up in this market.

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