The early morning stubbornness has dissipated - sellers have moved in and are moving the market a tad lower, SPUZ down 6 whole points...its a start. I think 992 is a good initial point for them to hit on the downside. Can you hear tonights CNBC recap with all of the experts - "it was a long overdue selloff that is needed so we can go higher" thats just what someone says who hasnt sold a thing on the way up. I should not be beating my chest I have been wrong for a month straight. Thank the good Lord I have MPGpA and HOV vs HOVNP on to bail me out.
Anybody else buy those SPG sep 55 puts for a buck? - they are up 50%....sell half keep the rest for free.
JB
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