The last 10-12 days have been defined by an unwavering bid to the market - today is more of the same. With oil so weak and a handful of nasty moves in some big momo names GOOG, FCX, X i thought the futures market would just be a sea of red...its down fractionally - is it time to throw in the towel on the short side? I think not, Im gonna stay the course - there are tons of equity deals being priced tonight and a few priced last night - lots of supply of stock does not usually equate with much higher prices...getting hungry...one last thought I like shorting PSA and VNO here and buying there corresponding preferreds..
JB
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