Today was a crappy day for the market!  The dow dropped 358 points and it’s pretty nasty out there.  The march bottoms have been broken and it’s anyones guess what is going to happen next.  I had a few option positions that I was investigating; however, with the recent market action I’m going to hold off just a bit.

I’ve been travelling too much to stay in front of the markets.  Hopefully that will all slow down soon and I can get back to making some nice capital gains.

In the interim, the fed isn’t doing enough to support the dollar, oil is going nowhere but up (however it is looking very bubblish), and the huge economic slowdown doesn’t appear to be letting up.  Given all of that, profits (sans exporters) are going to be weak, and that isn’t horribly great for the markets… If I was a buyer right now, I would likely be buying puts; but I’m not

Categories: Investing