Wow, interesting developments today/tonight. I have to admit, got caught up in the idea that we might rally given the relative strength and the fact that all the (stupid) talking heads talking about a Obama rally/santa claus rally. At the same time, thought we would stall out between 890 and 950 on the spx. The clue was in the bond market. Almost pulled the trigger on SKF at 105 and hesitated. My bad. Still think, the auto industry will get something and the stupid market will rally. THAT will be the time to get in for a short even if it is just a short term trade. Wish I had gone with my gut! The difference about this “recession” is that it is GLOBAL. We are getting hit on all sides – no demand, domestic or foreign. Best to all.
