Wow!  Today was a wicked day in the markets.  Things are looking very, very bearish.  I’m not quite sure what is going on in the market place right now.  The fed seems to be taking much to long to take action, and things are looking really, really ugly.

I’m happily out of my posted RUT trade and am feeling quite good about pulling my money off the table into expiration Friday.  The world markets are down sharply this evening, while the US futures markets are up a bit.  I have no idea what the opening tape on the 2000 stocks in the Russell will be; however, I wouldn’t be surprised if they were quite a bit lower.

Lets see what happens in the next few days here and go from there.  I’ll be looking for some nice February trades and I’ll post my thoughts.  Good luck and trade smart!

Categories: Investing