So last night after another 5 banks were shut by the FDIC Friday the SPUZ open unched and proceed to trade up $11 in a strait line overnight - rally brought to you by a further crushing of the dollar....WTF??? Simply insane if you ask me - simply insane.
AAPL, GOOG, GS, leading the charge....banks are way underperforming today - who needs them we have the bank of last resort Uncle Sam helping everybody but the people who need it most.
The VIX has gotten smashed in the last week - I am buying mroe vol here (PUTS AND CALLS) - that strategy has worked well for me. I would be loading up on vol in the REITS....stormy seas coming in that space.
over and out
JB
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