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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (111393)	2/15/2008 2:09:19 PM
From: Kerry Phineas	Read Replies (1) \| Respond to of 132070

29-31 doesn't happen again. Relative to changes in the averages, 00-01 was pretty similar to 74-75, although the Dow didn't go down "too much" in 00-01.

To: Knighty Tin who wrote (111393)	2/15/2008 7:23:50 PM
From: Kerry Phineas	Respond to of 132070

Whether 74 or 29 or 00, there's no doubt that there is some relatively easy money out there in a few bearish positions. Possibly. I don't think the easy money is in shorting financials, though. I'd forgotten how good a stockpicker I always was (because I didn't do it too long and then got wiped out shorting tech; its also possible I've just gotten lucky with the longs I had), although going forward I'm going to continue to trade short and hedge with calls. I really don't see how ANYONE thinks this market is efficient. The US has needed the coming kick in the nads for quite awhile.