Wednesday, April 22, 2009
April 22, 2009 Equals September 19, 2008
The price action today reminds me of September 19, 2008, the day the SEC banned risk management/short selling bank stocks. September 19, 2008 was the first time in my life that I did not trust the quotes on my screen because the forced buying clearly created artificial demand(http://wallstreetmorningcall.blogspot.com/2008/09/trading-on-mars-you-are-not-allowed-to.html). Same thing applies today.