The FED (Bernacke) REALLY LIKES ME!

Posted by Howard
on August 17th, 2007

So yesterday afternoon I twittered the following during the 300 point rally:

If Bernacke likes me, the Fed will stick it to the bears right here

It was just a thought that I wanted to get out there as the shorts were leaning the wrong way big time and the FED would catch all the bears right between the eyes. How sweet it is to wake up to a freaking 50 basis point cut!

I don’t necessarily agree with the intervention, but will happily take it. I am SELLING most of my merchandise that I bought into this PANIC now that we have moved so quickly to EUPHORIA and SHORT COVERING.

All the problems of the new Bear are not solved.

Disclosure – Selling my QQQQ calls, SPY, GS and Bidu

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