From Meltdown to Meltup
- Posted by Howard
- on August 22nd, 2007
Man were the leaners and momentum shorts wrong. Somebody hates them. They are going to feel Like Steve Martin did below:
No sooner does my post speculating about a housing bottom dry than Bank of America plunge protects Countrywide with $2 billion .
I could care less about the financials and homebuilders because I don’t own them, but the tech leaders are going to explode and I own a lot of them.
I don’t know if Bank of America can fix things, but they are going to put a new world of hurt on the shortsellers once again.
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Born in Toronto, lived in Phoenix for 20 years and now in Coronado, CA with a loyal wife (15 years, 14.2 Canadian years), two awesome kids and a dachshund. My current start-up is called Stocktwits and I am a co-founder and CEO. More »
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