I've Got your BOTTOM right HERE!

I am always stunned by the amount of top and bottom callers there are for the market. They leave comments here and email me at strange hours with retracement questions, fibonacci crap and other hoodooisms.

It comes down to mood and right now, we have much bigger fish to fry, even the plunge protection team has other worries, than the market.

I was reading FLY’s recent commentary about what CRAMER was babbling about on CNBC and he said that market’s were going to ramp right into this recession. You know ahow I feel about Cramer, good at remembering symbols, bad at remebering what he said 5 minutes ago. Buyer Beware.

Cramer is a gambler. You need to know who you are taking advice from. In his first book he admits he just flat out doubled down when the redemptions were piling up. A great read nonetheless.

You must consider the source.

Doubling down is for gamblers and people lazy with their entries. The one time it fails you, you are a goner. The name of the game is avoiding outlier events and catastrophic ruin.

This market will be handing it out to more and more people very soon.

The spillover from bad real estate deals is JUST starting to kick in. I am in the business of lending as well sitting next to one of the best underwriters. Yes, there are deal right now, but in real estate, not stocks. Those are coming.

Keep doing less, the opposite of what Cramer says I guess.