The Bottom is in

April fools!

Note: I could careless about the market today, I have other things on my agenda.

more on this later…..

Update: Bought [[FXP]] @ 84.69, seems to be the thing to do.

Note II: Good news later tonight…

Here is an update on the stock of the year contest.

Looking through the list, I noticed [[KBH]] up for the year. How does that happen?

Sold [[MELI]] @ 40.00

Covered [[LEH]] @ 37.50

Covered my shorts & sold my long.

I’m in 100% cash, and will start the 2nd quarter off fresh.

[[MELI]] on fire, with massive volume.

Note: Withdraws secondary offer

Looking at my screen, one would think we are down 100 points. Many of the mo-mo names are getting poleaxed, what are people buying? The financials?

I feel like loading up with puts, but I’m hesitant to put on any trades at the moment– I’m sure many feel the same way. I will wait and see what tomorrow brings.

Note: Ag is getting destroyed [[MON]], [[MOS]], [[POT]], [[CF]]

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