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The subject line is enough said. Again, 3 bailouts is throwing good money after bad.
Sure, GMAC might post a positive quarter in 2010 and everyone will get excited and become happy that things are back to the bubble normal. But, there is not way that positive quarter is going to equal out the billions of bailout funny money they received.
If i make 4 losings trades Mon-Thurs totaling -$2000, but then on Friday I hit a home run on a trade and made $900 bucks. Sure I may feel great, but I am still down $1100 from where I started. That $900 is a profit for the day (Quarter), but dues to my losses from Mon-Thurs (past quarters), I am still in the negative category. Can I make more winning trades to break even and even post a net profit since day 1, sure, but 1 wining day does not equal things are back to normal and future trades (quarters) will be profitable.
Saturday, February 13, 2010
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