Wednesday, November 25, 2009

Trumpets are a blaring

Jobless claims were only 466k, stocks cant selloff, dollar going down, gold going up, oil going up, VIX at $20 - no risk left in the system, none, in AMZN and AAPL we trust.
Banks are heavy today but AMZN isnt it so there really is no reason to ever sell a share of anything ever again, the SPUZ are on autopilot - $8 bucks a day again - I dont know why I bother coming in these days.
Anyways as vols keep dropping call spreads widen out - Im selling an SPX call spread a 15 points pread for 8.2 all I can (will) lose is 7.8.

Enjoy Thanksgiving

JB

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