Those preferred ETFs I shorted are getting rocked PFF and PGF - that is a warning sign, red flag whatever you want to call it. Preferred stocks are coming for sale, credit spreads must be widening - that is NOT bullish - I type this as the SPUZ are attacking the days highs. Dark matter stocks rule the roost, AIG, C, FNM, FRE - they be a rockin and a rollin. GOOG is another impressive mover today up $17.46 as it has the distinction of being placed on Goldmans Conviction buy list - maybe they were just long some front month call premium? - I kid I kid, GOOG is a great company and certainly deserves to have its market cap grown by 4 billion today. Anyway the lovefest continues on Wall St - and I am sitting in the cold.
JB
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