Cash $cam 101

Posted by Arbitrage

Friday, October 3, 2008

Cash Scam 101...

Buy the rumor sell the fucking news. Below is the action from today during the passage of the bailout.

Open up in a new window.
See the blue arrow line, that was the point at which the vote count was still coming in, but there was enough Yeas to pass the bill. What happens next? 300 point drop ...bottom fell out.
Cash Scam 101 folks... buy the rumor sell the news.

"But wait, wasn't the bill suppose to be good for the economy?? ...I mean stock market was rising all day, so it passed, well where is the rally???"

"Well ummm yeah Mr. Sucker ..*cough* *cough* I mean Mr. Investor, the earlier prices reflect the passage of the bill, but we all know bill or no bill we're still up shit's creek without a paddle."

Cash Scam 101--


As a side note we just gave 700 Billion line of credit to Fed\Treas.. WOW.


**EDIT**
HAHAHAHA LMFAO

Just read the headline "DOW UP AFTER HOUSE OK's RESCUE"

Yeah ok, we just gave up 250+ points after it was passed.

HAHAHA.. no wonder why they steal 700 Billion from us.....