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Well that was a peculiar day! It started off fantastic for me and ended up el-stinko. Mercifully, I got out of a number of big shorts very early (notably QQQQ and FXE), but all the same, a big green figure turned into a big red figure by day's end.

What's curious is that, last week, blowout earnings caused hugely bullish after-hours action, but by the next day, it fizzled out. This week, however, hugely bearish after-hours action (notably from IBM and TXN) fizzled into a big rally today.

I'm going to go quiet for a while, but there are some major earnings coming out this afternoon, including:

+ Apple (AAPL)

+ Yahoo (YHOO)

+ Blackstone (BX)