Wednesday, April 3, 2013

Sequester: Nonevent... Cyprus: Nonevent... North Korea + Williams = Below-the-Belt Semi-Bear Heaven?


Finally, the semi-bears got some redemption today, but is the sell-off here to stay?  

I was possibly the biggest cheerleader to the DJT's collapse all day, but was disappointingly astounded by the quick turnaround in the final few minutes of trading as DJT bounced back from 5986 to 6005.95 in the blink of an eye.  So, so close!  If we had closed below 6000, it would have been psychologically advantageous for the semi-bears.  Similarly, we couldn't close below 1550 on the S&P just yet.  

Did I miss my chance to get out with some semblance of financial dignity on my SPY puts or will there be a continuation of the slide to the downside?  No time to ponder now, but it seems on the scale of unpredictability, North Korea is pretty up there, which is conducive to volatility and therefore supportive of the options market - preferably favouring the put side.  

Dare I hope for a 2% decline before my SPY puts expire?

Unemployment Claims + Evans + Bernanke tomorrow... 

Interesting Aside From the FT: Bitcoin Bubble Grows & Grows...


+2.43% SBA
+0.09% Roth IRA

-0.76% DJIA
-1.11% Nasdaq
-1.06% S&P 

-1.08% FTSE
-0.87% Eurofirst
+2.99% Nikkei
-0.11% Shanghai
-1.26% SENSEX

-2.91% WTI
-3.14% Brent
-1.22% Gold
-1.53% Copper
+0.39% Corn

+11.19% VIX
-1.33% DJT



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