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
Wednesday, May 6, 2009
Bookkeeping: Adding to a Lot of Short Hedges
Posted by
Mark
at
10:23 AM
Bookkeeping: Adding to a Lot of Short Hedges
2009-05-06T10:23:00-04:00
Mark
shorts|
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Labels: shorts
Bookkeeping: Adding to a Lot of Short Hedges
2009-05-06T10:23:00-04:00
Mark
shorts|
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