Even Mr. Bear here is stunned how short-lived the, errr, "rally" was. It lasted from 2:46 p.m. EST on Monday (Dow low 9,525) until 9:42 a.m. EST Tuesday (Dow high 10,121). Six hundred points on the Dow in less than 2 hours is nothing to sneeze at, but (Achoo!) this is pretty weak, buyers!
In any case, as I said, I hung on to all my equity puts, and they're doing great. I got out of my index calls this morning (high five, J.C.!) And I've got one humongoid large NDX put position now. Plus a semi-humongoid one on the OIH.
How much pleasure can one bear take?
