**** WE'VE MOVED TO A NEW HOME ****

Wednesday, May 6, 2009

Bookkeeping: Adding to a Lot of Short Hedges

TweetThis
I added to a lot of shorts north of S&P 910 today; mostly the ETF types but also Capital One Financial (COF) - target is below S&P 890 within next 48 hrs

We now are reaching the point of ludicrous when people are running up $1.50 auto suppliers - people on Wall Street have no grasp how debilitating Chrysler and GM shutdowns are going to be on the supplier base even with government spending $5B to prop them up.

Green shoot of the day, only half a million people will be losing jobs instead of the normal 600,000

2nd derivative improvement

*

*
Disclaimer: The opinions listed on this blog are for educational purpose only. You should do your own research before making any decisions.
This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses you might sustain from the content provided.


Site by codeeo
Original WP Premium theme by WP Remix