Trading Now

Trading Now

Wednesday, August 12, 2009

Charts on the Day

*On the first chart take a look at the high volume while going down. The norm since June has been a move up on the S&P 500 while the volume had been decreasing each day (few buyers yet magically going up up up). Clearly now we have more sellers than buyers. And just because Paulson is buying up BofA and Capital One, doesn't mean you have to. Even boy genius' are stupid and foolish. Paulson could buy last night at 16 and sell tomorrow at 17.25 and make a small fortune. Remember, alot of hedge fund managers and asset managers that had been managing stocks and money for years, were caught off guard in October of 08.

via ZeroHedge

The second chart via is beginning to look alot like Depression Central. Can't trust the government and the banking sector to fix what is broken right in front of us. The smartest guys in the room are still in charge, and that scares the crap out of me.

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