Thursday, September 18, 2008

The bailouts are coming.

Today we're talking about bailouts, and I immediately turn my eye towards exiting every position I have. Congress is scared, it is panicky, and it is 40 days from an election. That should scare the hell out of everyone. I can spend forever and a day crafting an elegant investment thesis, and it means nothing as some out of control Senator from any given district bails out (or refuses to) the company in his. As soon as I see an opportunity, I think it is time to board up the windows until November 4.

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