Mornin

SPUZ up 6 bucks on some renewed optimism over the Chinese market...blah blah blah. Initial jobless claims came in slightly worse than expected at 570k - boy this economy really sucks.
HOVs earnings were significantly worse than expected - the stock is taking it on the chin for about 8% pre market - we'll see how the preferred trades and if on the conference call anything interesting is said. When you think about it how could a homebuilder have good earnings right now? Almost all RE sales are distressed properties, there is no room for a builder who has a profit built into his price, the sales that are going on are painful sales - sales that have losses for owners,banks,mortgage companies attached.
Today I will look to sell some premium in AIG (maybe some strangles) as I feel like the stocks ability to sustain 20% moves everyday is coming to an end - it needs to chillllllll.
Every minute that this holiday weekend gets closer is a minute where another market participant packs it in for an even longer weekend. The lack of liquidity cuts both ways my friends, so be careful.
Finally just something that has been bothering me - Heidi Klum and Seal - I'm not talking about the obvious thing that she is white and he is black - I could care less about that. She is so beautiful it could make you cry, he on the other hand has a complexion that would scare a can of noxema. Did she marry him so that she would look even more beautiful or is she just a genuine person who doesnt care about looks? Ill go with the latter.

JB