Funny how some things never change.

John D.
Rockefeller, Sr.: "Believing that fundamental conditions
of the country are sound and there is nothing in the business
situation to warrant the destruction of values that has taken
place on the exchanges during the past week, my son and I have
for some days been purchasing sound common stocks. We are continuing
and will continue our purchases in substantial amounts at levels
which we believe represent sound investment values." (Oct.
30, 1929).

Warren Buffett, commenting on his $5 billion investment in GS: "Goldman Sachs is an exceptional institution. It has an unrivaled global franchise, a proven and deep
management team and the intellectual and financial capital to continue
its track record of outperformance." (Sept 23, 2008)

For the record, here's how the sound common stocks worked out for the Rockefellers:

I like the NASDAQ 100 for a bullish play right now, with a stop at 1645.58 (yesterday's low).

This is just a quickie post. As you know, I rarely watch CNBC, but I was curious about today's testimony. I'm watching Ron Paul rip Bernanke a new one. Thank God for checks and balances in our system.

By the way, I am a very weak hand with respect to my SSO and QLD long positions. I am willing to exit those like a shot. These are strictly day trades. I believe the next big plunge is coming within the next couple of weeks. The LunaTicks blog has some interesting things to say about timing, and I appreciate the time the writer has put into his blog.

I am going long via QLD and SSO right now. I am counting on a bounce until late this week. I will discuss this more later.

As for the $UTIL trade, it's going super.

The target is the pink zone. And I am taking advantage of this by means of XLU puts as well as the relatively thinly-traded SDP, of which I own 2000 shares.

Although it seems to me that the act of posting a comment is very straightforward, I've received more than a few emails from people asking how to post a comment (and even where to read comments!). So, a few quick tips and remarks:

(a) To read comments for a post, simply click on the title of the post itself (in this instance, the hyperlinked subject at the top, "A Comment on Comments"). You will see the comments at the bottom of the post, if there are any (and there are usually a bunch).

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(c) Also, take a moment to read my page on comments and community. It will help you and everyone else here. Thanks!