Yawn

The market is selling off to the tune of $7 SPU points...not exactly the type of move that is going to inspire vol buyers - but a step in the right direction.
I want to give the award for the most overbought stock in my history of trading, AMZN - this thing is outrageous - does anyone not own this yet?? My partner says that markets like to shake people in and out of positions - the REITS are uber strong as this huge wave of refinancing is looming - markets want to push you to your maximum frustration point, to your breaking point and then when you cant take it anymore and you throw in the towel guess what happens? You are freaking "dead on balls accurate". The market has kind of failed at 1100 twice now - the way this tape is it would seem that one morning (perhaps tomorrow) we will walk in to see the SPUZ up 15 trading at 1105 and then we will never look back - now in order for that to happen we will have to push multiples on AMZN, GOOG, BIDU etc to 50-75 land but who gives a shit - never confuse a bull market with brains.
Trade of the day for me - I am buying Feb 16 calls in BAC and shorting stock slighlty more than delta neutral - the REITS are the obvious short for the coming CRE crash so be sneaky short the banks instead - bigger floats - harder to get whipped around by your back office pulling stock from you.

JB