RunawayTrader

Ok. I relished Wednesday’s pullback in the market. It was just the opportunity I wanted to buy more shares of some stocks I wanted. But, and this is a big but, I certainly didn’t want or wish for the calamity that hit the market today.

And I feel there’s more heartache on the way tomorrow.

If you’ve been following the rants, and they’ve been wall-to-wall on CNBC tonight, you’d probably have to agree that Obama has gone way to far in the wrong direction and we (use shareholders) are doing to pay for his wrong-headed speech today.

I’m not even going to go into the huge outpouring of angst that is captivating the economic press today, but here’s a sample from the Wall Street Journal. It’s a good article, but there are scads more out there that carry the same theme. It’s like Larry Kudlow & Company writ not just large, but everywhere.

I’m thinking the market will be shattered again tomorrow, I guessing
another 125 points will be lopped off the Dow and who knows what’s going to happen next week? I’ve already been taken to the woodshed and given a sound whoopin’. I even sold off my FITB after the runfup today with thoughts of buying it cheaper tomorrow or next week. Yet, like a fool, I’m still hold Citigroup bigtime. Wake me up in the year 2015 when this turd recovers (if, in fact, it does).

Well, like I said yesterday, easy come, easy go. I’m still banking on AAPL next week. I think they’ll revive the market on Monday for a bit of a bounceback. Here’s hoping it brings my WYNN shares back, too.

Meantime, I’m laying low until the coast is clear and Obama has figured out who (and what) are the true villains of the economic meltdown, and taken the appropriate regulatory action. So far, I almost wish I had voted for McCain.

Charlie, the RT