Worst Week since November 2008

Absolutely a horrid week in the markets. It wasn't suppose to be so bad, but when Geitner pulled a P...P...Paulson moment everything went to hell. So here we sit, worst week since November. I haven't lost confidence, in fact I'm more convinced that the spring keeps getting tighter and tigher. I'm not sure if it's going to be Tuesday or Wednesday when we rip higher, but this funk may last a little while longer.

This week oil shit the bed. Today, we had a nice little $3 rally. What can I say. It makes sense as we have an abundance of oil and the world economy keeps slowing down. It makes sense... but damn, how low will it go? I would NOT short crude under ANY circumstances at these levels, but being long could be painful as we keep trading in a range. All bad news for commodity-rich countries.

Everybody is now aware that commercial real estate is screwed. I don't really know where that is going, but it's likely that we may see several bankruptcies in that industry.

It could be all those stupid-ass/creepy Vermont teddybear commercials playing on CNBC for Valentines Day that's pissing off the traders. Well, no matter... next week is a new week.

Disclosure: Long DXO, Short Vermont Teddy Bear Commercials/Valentines Day Bullshit

Well folks, thanks for tuning in, that’s all for now. We now return you to the Friday Night Movie… “Murderous Monkey 2 - Apes a Killin'” only on Ranting-TV…