In real life, I caught a falling knife I knocked off the table two weeks ago. But it was a butter knife. On the other hand, I did grab it by the handle and amazed myself and my daughters at how fast my reflexes are.
So now I’m staring at FITB down 6 points, from 16. FCX down, RRC down. Is it time to panic sell, or crap shoot buy? I’m not so comfortable rolling dice, and I think FITB isn’t going to fail, but I’m not going to buy more.
Still, if the bailout package passes, you’re probably going to see a short pop. Make some money and sell? Decisions decisions, and I have to get to work.