Replies to post #60592 on SPDR S&P 500 (SPY)

[euterpe1]

G,

I am about 85% cash. Who wants to be in? I just find it fascintating to watch. There's really no point to being in until this shakes out. If they approve the bailout we will get a boner move up, but what kind of bailout will it be? That aside, what level do you buy...depends on when they approve the deal.

In this type of market I am less concerned about making money and more concerned about not losing any. So far so good.

USO was way down and rebounded.

GLD was way up and came back down considerably.

Things were looking really good for my URPIX position 3 hours ago, still OK as MDY is down @ 1%, but way off the lows. I have been selling the rebounds as it were.

[euterpe1]

Check that...I was in URPIX and not UIPIX. It's going to be hamburger tonight and not steak. hehe