Wednesday, October 29, 2008


I can't help but still want to be short this market. It is just absurd how it acts. Selloff after the fed announcement, followed by a huge rally, followed by an even huger selloff. LVS moving up 80% on rumors of funding, WFC selling $25 billion of preferred stock to the government, stupid GE rumors.

I like MON short and SKF long, but I will not fight this market if it wants to go up.