B-R-U-T-A-L

By -

Yeoch!

Our friends at the Fed gave the bulls another big, fat present. And, wow, did it hurt the bears!

I got stopped out of GE (my formerly favorite short!), GDX, and a couple of other small positions. My huge gold gains from earlier today vanished into losses. Only my IRA (all long positions) is thriving today.

All eyes are on 800 on the S&P. This is a brutal reversal today.