SPUZ are down $6.5 bucks, the snazdaq is faring a little worse as RIMM puts the hurt on, I have hedged up my strangle in there - that was a nice trade - not a huge homerun b/c premiums in RIMM were not cheap but still a nice winner.
GS is getting beat up on today, I topticked it the other day with my napkin calculation of Buffets profits in there - sorry Warren. Oy look at Moodys (another Buffet name - gonna have to take up a collection for him) - down another 5% or so - Im afraid to say anything bad incase the wrong people read this.
These secondary offferings and IPOs were just to much for the market to bare - to much supply - the banks had to know that eventually selling would commence. Everybody know is so conditioned for the snapback reflex rallys that if they stop coming things are gonna get ugly fast - man am I a broken record.
On another subject , the Cubs have played good baseball for the last 3-4 weeks just a little to late for it to matter. Im ecouraged by some of these minor leaguers who have been playing for them - this Colvin kid ( i can say that now, IM closer to 40 than 30) has looked great defensively. Jeff Baker has looked good and so has Jake Fox as Im used to saying "wait till next year".
JB
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