General Stock Ideas

[Market_Fest4]

Bigworld,
With the Dems losing power and hopefully putting a collar on Obama's idealistic rewrite of the Constitution, I believe the first step to a healing of the economy and removal of some uncertainty has begun.

I knew the market would rally on this, and the world seems to be aknowledging that the FED will buy stocks on every dip. I am underwater on some SDS, but long some SPY calls.

With the huge pre-market rally in futures (another POMO day), I want out immediately of all of my short positions. This is the first time I've felt strongly about a direction in a long time. I'm mentioning all of this because I am a great counter-indicator of the market. 100% correlation for years. I'm not suggesting you stay short because of my experience, merely documenting the facts.

This morning's open could be a top. However, I won't fight the FED. I will probably start writing calls against both sides, But with volatility so low, even that's not profitible most of the time.

Good luck to you,
MF4