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Gizmo

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Gizmo

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Re: tarm post# 34609

Wednesday, 09/20/2006 10:09:41 PM

Wednesday, September 20, 2006 10:09:41 PM

Post# of 37180
As you know, I was stopped out of short in the brokerage account.

My view is that the market is overvalued and not correctly anticipating the economic weakness the Fed is determined to precipitate. Once bitten, I'll not reshort, but instead wait for a long term buy at sub 1400 Ndx, 1060 Spx.

The market may or may not accomodate my trigger price. Not terribly concerned either way as risk/worry free cash options are north of 5%.

Gizmo...


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