NYSE Euronext (NYX)

[Not_Bill_Oneil]

Yes, one has to be careful...

in this volatile market. Yesterday's wide chop moves were indicative of that.

My short side positions are very select now and have covered most and only have a couple of remaining financials that are in trouble, etc. As always, have to get as much in your favor as possible. Am also trading the ultra-short etf's around the daily action.

Agree with that article as I tried to suggest yesterday that I have some of those big-blue-chip mega-caps with their greatly expanding multiples this year. They are also a bit more defensive, especially of late with the small-caps taking horrendous slides from the heavy selling.

The underlying tone will remain defense with this Fed - it's the only way to make money right now. And the markets should remain volatile with their (mis)handling of things including more creative operations, late cuts, possibly an unexpected cut, and their ongoing "transparency".

GL.