S2, With 22 little 3 and 4 year olds running around you know that you'll have a time to remember. At least it'll be easy to "oversee", but you still can't take a thing for granted. And then suddenly, out of nowhere ... has an all new memory. Sounds like a tremendous time for all. Enjoy!
I'd read about when they were approving the 3X ETFs and had spoke with a few guys about them. I've been into the 2X Proshares. The QQQ hadn't had a 3X made the last I looked. It may be out soon or just did. I've been a bit shy of anything dealing with banks for some time. Been a bit shy with anything long as well. The short 2X ETFs are so easy to enter as you've no need to secure shares to short. Uncertain as to how the return of the up tick rule will effect them. They can change that uptick back now that they've already ran it into the dirt. Isn't that why they removed it? Saw FASB 157 and knew that DOW 14k was going to be a fleeting glimpse. Remove uptick. The whole removal of Glass/Steagal and removal of uptick rule seems as orchestrated as Bernie Madoff's empire. Cox, Greenspan and Rubin should spend more than a weekend with Bernie, IMO.
With all the head fakes and moves in the markets seeking price levels, we could have some moves into this op ex. Probably not enough to break the trend. I'll watch JPM and $VIX on a rally. If JPM is not there in the rally? JPM is a large part of the BKX and that has to be for anything to stay. The BKX rising from the basement and small caps ahead of the big guys looks good. Good enough that '09 "might" be a good trade year. Keep in mind that LIBOR and CDS were freezing up again to levels of incidence last week. Bears may not be done as of let.
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