Thursday, March 13, 2008

And down again

Well, that didn't last long - the Dow just dropped to 11,800. It will rise up, but holding above 12,000 is not a sure thing.
I have the feeling that the DOW could rise to 12,400 as the next surge. Could be because the rates are cut or some other positive news. But it won't last beyond April.

Retail Sales - down. Which is no surprise. I wonder if Pier 1 will go bankrupt
Finance - Carlyle group is defaulting. Considering all the free handouts lately, for a major fund to go under is a sign of the reality today.

The puts are doing well.

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