Woke up and did my thing, SPUZ up 8 bucks overnight - ok thats not helpful. The market has now almost rallied 50% from the March 9th lows of 666. Take a breather would ya? I continue to believe that this is an incredible suckers rally - it feels so real, gotta get in...till they pull the rug out from under ya. Well my bearish bets will hurt today (at least if the market holds these gains) so heres hoping the arbitrage positions and my longs work. One last thought I think tomorrow the 6 month fiasco that is known as the Citi arb comes to an end, the shares will be distributed - this was one of the harderst stocks to borrow in the history of arbitrage- look for two things tomorrow - a worlds record in volume traded and perhaps a huge amount of Citi stock for sale and maybe just maybe lower prices.
Why do I feel like this market is being pushed higher by unatural forces?
JB
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