Thursday, October 9, 2008

Bookkeeping: Sold Down a Lot of Stuff

Posted by TraderMark at 10:28 AM TweetThis
Too many names to mention but I cut back a lot into this morning's rally; it is very worrisome to see the witch hunt resume in financials - as we stated earlier this week the attack on Morgan Stanley (MS) continues. This one seems to be the latest focus and I'm worried after they make it go bankrupt, they will go after Citigroup (C). Both of these are huge entities with tentacles throughout the world so they both will be too "big" to fail and if must be government saved will cause another panic.

Just not worth being in the market at this time.

Posted by TraderMark at 10:28 AM

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