"The man who can grin, when his ship comes in, and he's got the stock market beat. But the man who is worthwhile, is the man who can smile when his pants are too tight in the seat" - Judge Smails
Wednesday, March 18, 2009
Pop Goes the Weasel
Call this the Bernake Short Busting rally. First the financials are being scooped, then everything else. As I write this we are sitting at 800 SPX with money flowing into retailers, home builders, you name it. Get out a shopping list, because the bull is back. I still like straddles here as a way to play the gamma and give you a real shot at buying the dip, whenever that may be.