I am deep in the shorts and puts world this week and loving it. But it’s mostly play for me as I’ve dedicated my positions to what I think is most probable for the next 6 months. Gold and US$. But if gold goes over $1000, I’ll be looking to sell. Keep in mind, gold is doing very well in real terms. But, so is the US$.
Having said that, I think tomorrow could be a waterfall event and then next week we get the retracement that the charts are so strongly forecasting. Tomorrow is the Lehman CDS thing and it’s a Friday. And nobody holds over the weekend anymore.
