NYSE Euronext (NYX)

[Not_Bill_Oneil]

Hey Metro...

Good to hear from you. I didn't buy NYX, but, did buy some GS after that dive today - was watching MS and GS closely. There was a double bottom on a short time frame so went for it. Keeping it for a flip probably only until tomorrow. Depends what else is disclosed tomorrow from D.C. ahead of the weekend.

But, I think the whole crew - Treasury, Fed, SEC, the Administration, Congress, FDIC, etc. gets low marks so far. But, it is what it is. More of a fascinating study of human nature and our society and government and now politics.

They are still not wanting to react, then being forced to react, and so we'll just have to see what comes out by next Monday. But, they are still feeling pressure since they got so far behind the curve and it will take some time now to evaluate all of these moves. Hopefully, they don't feel too desperate and go too far like for example with these rules banning short sales the SEC is considering now.

That, and with all of these emergency last minute reactions since January, we have never gotten a flush with everything lined up for a strong bottom, although looking at some different indicators especially for the financials, the July low and this week are pretty close.

Been trading some E-mini's still and otherwise been sitting on mostly all cash and sleeping well and watching it all unfold.

Some good interviews on Bloomberg today on the next wave of problems coming later this year with Municipalities.

I'm looking at some other names too like GOOG, consumer staples, etc.

Good luck in this interesting time.

Larry Kudlow is going to have to change his tagline on his show about free market capitalism. We don't have that anymore in the US.