Oh the calamity of futures and Asian markets last night! The US markets don’t care, they’re wrapped up in their own decadence. Why yes the markets are down, but far off the lows that they opened with. Could something really “bad” happen, causing us to trade lower, why yes it could, but it would have to be quite “bad.” Mr Bernanke wants everyone to bet against him, just so he can say “gotcha suckers.”
Do you want to bet against him? I know I don’t. Some things of note:
- CVI is testing my patience, now down over 12% on my book, but it only takes a few buyers to get the refiners going.
- LULU reports on Friday, I am currently long and think they post good numbers. I will sell the long for a swing, and look to get short.
- I’m very excited to make the Final Four with GILD.
- I want to see how we close, before I come up with a posture, or change my current one.
- If DDD gets some momentum going here, I may look to buy.
Prepare yourselves.
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