I Don't Know If I Should Be Regretting This?

Back when Lehman happened, I spent some time trying to catch falling knives as well. HWD turned out to be one of the knives I caught.

The question now is how scared should everyone be about Obama's idiotic proposals?

And is this going to be as bad as Lehman?

I was careful with MS and BAC (partially), but once I had some cash, I wanted to trade.

Should I have just kept my trading legs closed? Earlier in the week, I was congratulating myself on having some sort of trading discipline when I didn't do a USD/CHF short since it hadn't broken out yet. I saved 100 pips because of that.

But now, the prevailing mood in the market is obviously sell, sell, sell. So I am trading against the trend. Moreover, does DFS have too much idle cash? TIF just announced a share buy back programme and a dividend increase when it has far more debt than cash. I think DFS should do a share buy back and dividend increase too. It's got enough cash.

Poor BAC! Even with all the Fair Weather Friends on Capitol Hill owning BAC shares, it still got killed.