Well that was refreshing

The snasdaq did a swandive today dropping 3.06% - a good start. The SPUZ pooped for about 2.5%, there were no neck snapping rallys today - which just goes to point out that yesterdays explosion from 1041 to 1057 was a gigantic act of rico perpetrated by fundies everywhere, how many extra dollars in fees were earned by that close vs a close 3% lower?? Oh well....
I have mentioned APO a few times, its a stock Im long that got a takeover bid beneath the prevailing market price - its getting very interesting as a 15% holder has been adding to his position in the open market at a price north of the takeover bid...I remain long it and think a rival bid is coming.
The strangles I bought continue do great especially JPM which today dropped 5.16%. If the heat seeking algos take a break increased volatility is almost assured to come back to the market.
In the midst of all of this CIT tummult GM announced that Saturns sale is off, Saturn is a goner - more jobs down the tubes...Ok so they made like 4 cars a year but still.
After the close FSLR has been annointed to replace WYETH in the S&P 500 and the index monkeys have rallied the stock about 8 dollars or 6.7 billion dollars so all of you peeps who think index funds are low cost investing alternatives I ask you to take a look at this action after the close to see those low costs go up in smoke.

JB