Daily Archives: November 3, 2012

Lessons from Sandy (by Phantomcapital)

By -

Life is insane.  Not
in the deranged walking around mumbling to itself way crazy, but just
insane.  It’s wild and
unpredictable.  Two weeks ago, I was
riding high on the market crashing to the ground, everything burning the way it
should.  AAPL was getting destroyed, earnings
were disappointing in a stunningly regular fashion, pressing shorts was
actually working for the first time in 2012. 
And then, as usual, life became insane.

Life is insane, through the magic of bullish fate, October’s
FOMC meeting “checked back the runner” and put a pause in the market’s
selloff.  The beautiful selloff that
bashed every gap up or 3:00 rally quickly ran out of steam due to fear that the
Bearded One would drop a bomb.  Then the
market went sideways after.  Fast forward
to Friday of last week.  The market
closes near the lows with the bears champing at the bit to let it rip on
Monday.  And then Sandy.