Friday, September 18, 2009


I write this as I am coughing up a lung...Debating if 107.5 is close enough to my 108.5 target. Regardless I am taking up a short position in the morning. The market is at an extreme top. The economy is still tracking far worse than the Feds "more adverse scenerio" and they have declared the recession over...but in the more adverse scenerio unemployment is double digits for the next 4 quarters.