Angst

Is it me or is there a lot of angst in this never ending bull run? I sense something is happening - perhaps its that the big nasdaq leaders all seem like they are on a crash course with one another in the mobil space - perhaps its that Greece is about to default and YES will need a bailout - perhaps its that commodity stocks - coal, steel, fertilizer are leaping - these were the last gasp movers in 2008 as well. Maybe Im just looking for something? The SPUZ are stubbornly bid as usual - and imagine this the nasdaq futures are unched with GOOG down 11.5 and AAPL unchanged, RIMM down 1.15 (RIMM is so yesterday) - how is that possible?
Sign of the times Beazer homes is doing a secondary and convert offering tonight - It will be interesting to see what the coupon is in there convert - im gonna try and buy some - but its a 50 million dollar deal so Im sure its being sold to a couple large funds and it will never trade ever.

Anyways Im long a little Citibank here (the idiot trade) leaking out around 3.6.

Later

JB