9FMmmmmmmmm... Bring Your Copy of the Financial Kama Sutra...

While all eyes were on Bernanke, 9FM's hometown quietly rocked the financial world as the EPI pushed up 5% to end the day above $16.  Faster, Maharajas!  Faster!  

I was as fraidy as Bernanke and ultimately ended up not pushing the button on the TLT straddle.  It was just as well because option prices seem little changed on the issues I was looking at.

I'm still waiting for the VIX to move in wild gyrations.  The day following Bernanke's previous stint, the VIX turned decidedly directional.  Will there be a sense of deja vu tomorrow?

For the first time in a while, I actually liked the bulls as I was able to take profits on my SPY calls and then get into another straddle whilst still holding puts.  The upside on the calls is limited, but my ultimate goal is to have the puts in my portfolio anyway.  

There will be one of those days where they could all get hit on the back of an unexpected pullback that nobody saw coming.  And in the meantime, I can have some fun riding the Conviction Bulls.  Do they have some new financial kama sutra moves to show us?  

The next big thing, according to Larry Kudlow on CNBC last night, could be Obama's appointment of the next Fed Chair on Monday, 23 September 2013...


-3.11% SBA (most VIX positions here)
-0.15% Roth IRA

+0.95% DJIA
+1.01% Nasdaq
+1.22% S&P 

-0.17% FTSE
+0.46% Eurofirst
+1.35% Nikkei
+0.29% Shanghai
-0.27% Hang Seng

+2.49% WTI
+2.18% Brent
+2.41% Gold
+2.87% Copper
+0.44% Corn

+1.17% EUR/USD
+1.39% GBP/USD
-1.12% USD/JPY

+1.54% DJT
-6.47% VIX

-10.81% 5-Year US Treasury Notes
-5.08% 10-Year US Treasury Notes


84% Advancing Issues on NYSE                     
15% Declining Issues on NYSE
1% Unchanged


61% Advancing Issues on Nasdaq
35% Declining Issues on Nasdaq
4% Unchanged


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