I am sitting here at my desk here in New Haven, CT, listening to investment banker, Hank Paulson on TV, and its truly depressing.
Never mind that I am "making money". A monkey could if he was long the market like I am. This isn't about making money, it's about how everyone is making money here in the very short term. It’s about how this government is making decisions reactively rather than proactively.
In the intermediate term, the shortsighted and reactive decision that Hank Paulson and his cronies have made to ban short selling has delivered a serious blow to capitalism.
I am going to 96% cash. I do not trust these people, their process, or their solution.
This is a sad sad day for American Capitalism,
KM
Never mind that I am "making money". A monkey could if he was long the market like I am. This isn't about making money, it's about how everyone is making money here in the very short term. It’s about how this government is making decisions reactively rather than proactively.
In the intermediate term, the shortsighted and reactive decision that Hank Paulson and his cronies have made to ban short selling has delivered a serious blow to capitalism.
I am going to 96% cash. I do not trust these people, their process, or their solution.
This is a sad sad day for American Capitalism,
KM
