aftermath

we dream, we create, we change, we love

Just a Bounce

leave a comment »

That dead cat’s even jumped a little, yes. But without much more than hedge fund money buying into it, it’s still nothing more than a bounce.

Yes, I came very very close to sending 10% across to equities two weeks ago. But I’m not into making 3-week moves. And another week is all I give this, even with today’s latest edition of rules from Treasury.

Today’s 497-point hop in the Dow wins Kelly a steak dinner, but I don’t expect Nat will have to wait more than another two weeks to pick up her Olive Garden outing from a comparable drop. Burn out the little bit of outside money that might be foolish enough to venture back in, and we’ll be back to the basement.

bumper sticker [www.internetbumperstickers.com] - calls & puts

Written by macheide

23 March 2009 at 6:09 pm

Posted in calls & puts

Comment?

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: