I closed all my positions today for a net 2% loss. Still no traction.
Stuff you should see today.
Josh Brown takes this quote from Bernanke today:
"Even taking into account the many financial pressures they face, households seem exceptionally cautious."and makes 10 simple yet very important points. Check it out here.
Today's must read is Kevin Depew's latest "5 Things You Need to Know: Our Microwaveable Depression" as this is just the best.
High Chart Patterns Blog tells you exactly what is going on right now in chart form:
Middle of Nowhere
These guys are very sharp.
Mark of Illusion of Prosperity has a wonderful post on seafood prices that was very interesting:
Seafood for Thought
Tony of Macro Story always has the day's round up I want to see:
Market Recap Thursday September 8, 2011
Hat tip to Kid Dynamite, this great post on a possible "Operation Twist" by Bond Girl has this perfect line:
"The duration of the Fed’s portfolio is not what is standing between us and economic prosperity. Get real, people."Love it.
Have a good night.