Tuesday, July 14, 2009

Thoughts from the Vortex

Morning Gang!

Well the the big dog is out with earnings and witha large beat... Congress will be upset with the numbers IMHO. GS lost 21% on com real estate this qtr or close to 500 million. The death spike in CRE is getting closer. Also all you fundies out there how can COF still trade at 21 and CIT at 1 and about to BK?

I have put the FXI or the China index etf up to show the potential R4 breakdown. Keep it on the radar. Turnaround Tuesday may be at hand watching for up open and plunge. Hit em Hard
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