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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.51+1.2%Nov 5 4:00 PM EST

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To: pezz who wrote (28189)1/23/2008 4:15:31 PM
From: TobagoJack  Read Replies (2) of 217546
 
Hello Pezz, Today's Report:

(i) I increased my UltraShort Financial SKF finance.yahoo.com holdings by 500% at 106.2 - 107, and thus my wager for TeoTwawKi, and

(ii) I bought to close my SKF April (covered) Call 110 at 16.00, at small sacrifice that is offset by the still open short April Put 90 position.

The move in SKF, down 13%, was a gift that must not be refused.

Chugs, TJ

P.S. The market has spit on Bernanke's 75 basis points and wants more. Lower interest rate is not an antidote for what is fatally poisoning the monetary system; low interest rate is the poison.

The market will vomit on the next 50 basis points cut, and absolutely choke on the follow-up of the remaining triple digit points.

I am looking forward to nationalization of Fannie and Freddie, and other unusual events which will turn common.
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