Screw the fed, screw them - how long are they going to keep this zero interest rates going - its just stupid allready - the equity markets continue to zoom with literally no downticks - we opened ever so slightly lower this morning traded there till about 2 pm when Bernanke and Geithner took another run at the futures pushing them to new highs.
This market has made me feel like a total fool - TOTAL. The wonder of it all is that Im having a profitable month - i have a few good arbs going and some PIPE deals have worked but my short positions have been disastrous. When the Russell 2k is up 20/22 days being short anything is pretty pretty tuff. Watching this tape grind inexorably higher is no fun - none at all.
JB
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