Well Federer let us down, if nadal goes to a 5 setter he wins. Serena did us well and at a good price, Arizona did us well with the +7. OMEX is working for us and has gone up over 20% while the market has fallen. (Watch tonights show on discovery channel)
Our shorts SRS and BGZ are finally starting to rip. We may have a tough part to next week as OBAMA comes out blazing with his final throw of the dice so close out for a few days. Then reload the shorts on Wednesday next week and ride this down. The next major leg in the global markets is down as economic news is more bearish and Unemployment heads to 10pct and China continues to roll over and OIL collapses further below 25USD. Oh and dont get me started on eastern europe, they need SO MUCH foreign investment of which no one has, they do not have the benefit of a strong currency like the very lucky USA does (hope it holds for them) and the eastern european govts do not have the cash reserves or the means to get them like some other countries and for this reason there will be riots and protectionism like we have never seen in recent history.
The downleg is apon us.
Giddy Up
PS
BAC and Citi will be BANK OF OBAMA before May 31st 2009 and UBS is heading to 5USD a share.
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