Midday

SPUZ are up $8 in exceedingly boring trade. C is down .10 cents, AIG down $3.80 (strangle coming in baby). I guess all the nasdaq needs to keep rallying is for AAPL to go up $2 bucks a day everyday - should be doable. We are seeing some serious wacking of the US dollar today which is pushing up just about every asset class. HOV, HOVNP is trading even - which is good. Im doing very little today - I read Pres. Obamas speech to the kids - it was a nice speech - I read about Michael Moores movie about capitalism being evil - once again hard to take the guy seriously. First he makes a movie about healthcare - hard to listen to a guy talk about busted healthcare when he allows himself to be overweight like he is, second hard to listen to a guy tell me capitalism is eveil when he has made millions of dollars making movies and hoping people come out and watch them.
Im staying short the market here - merrill and credit suisse are upping the S&P targets today so...


JB