President-Elect Obama's economic team is being named, and they are starting things off nicely by making the announcement at 3.00 p.m. EST on Friday. What better way to generate a little short squeeze?
Tim Geithner as Treasury secretary isn't any big surprise, but it's good that uncertainty is removed. For now, the fact that we have some specific names is going to be enough to bring in the buyers, but I'm not sure it will have a very long-lasting impact.
P.S. Will you be there when Cramer makes his next move?
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Rev Shark Blog ETF Action Keeps Volatility High 11/21/2008 12:38 PM EST Daytraders are playing exchange-traded funds, since so few stocks show decent charts.
James "Rev Shark" DePorre is the author of Invest Like a Shark: How a Deaf Guy with No Job and Limited Capital made a Fortune Investing in the Stock Market. He is founder and CEO of Shark Asset Management, an investment management firm, and he also operates sharkinvesting.com, an interactive online community that serves and educates active investors. DePorre holds business and law degrees from the University of Michigan, is a member of the Michigan Bar Association and a former tax attorney and CPA. He lives in Anna Maria Island, Fla., with his wife and two children. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Rev Shark appreciates your feedback; click here.
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