I bought a bunch of RUT puts on Thursday at the close and a bunch of SPX and NDX puts on Friday. I have sold off Thursday's puts at a loss (but a $7k loss instead of the $60k loss I witnessed Friday morning!) and a portion of the SPX puts at a fantastic gain. The NDX puts I'm holding, although I've tightened up my stop. I'm just a skosh paranoid right now, and frankly, the $RUT graph has become a distorted monster. It's getting too grotesque to trade, particularly with Friday's prints.

I just got an email from VoteNoBail.org, and I urge you to check it out!

Oh, how I just love seeing my quote screen with Communist Red warnings. What a brave new world we are in, when I am being told what I can and cannot do.

Enjoy the day, bulltards. No, I mean that.

We've gotten to the point that things are moving so fast that people are unable to assess what it means (at least I'm not, anyway…..) Every day something gigantic happens. I was just reading how, as of last night, Morgan Stanley and Goldman Sachs are no longer investment banks, but simply "banks," thus, according to the article, "ending an era on Wall Street."

It's sort of like explaining my pup's breed to people. "He doesn't have fur, he has hair."  And that's true. But it takes a bit to explain what the really means, and even I don't really understand what the difference is.

Looking at the pre-market (a couple of hours before the opening bell), the summary seems to be "oil and gold up big, equities down a little." One can at least conclude that the world has ascertained the U.S. dollar isn't exactly the most splendid place to be investing these days.