Last Monday I said you could short and short all strength, and then Tim Geithner told us that there will be no more Lehmans. The press reports would have you believe he was booed from the stage and Lehman here we come. I think, though, you have to think of all these pieces as one puzzle: an intractable problem that is being worked out sloppily and terribly while many stocks work their way higher right through it because we are NOT going to have a Lehman moment where gobs and gobs of capital will be destroyed.
That's what you have to focus on today in the opening. That's what you have to focus on when the futures take out whatever key levels that technicians are thinking about. Although I bet that almost no one will.
That's what you have to focus on today in the opening. That's what you have to focus on when the futures take out whatever key levels that technicians are thinking about. Although I bet that almost no one will.
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