I’ve read about novels written by Koreans and Japanese by cell phone. The pointlessness of that is Matched only by its difficulty, as I stand here on a cool Parisian morning typing this out one character at a time while I wait in line in front of the Air France ticket office.
The latest word is that flights are re-opening, but between the huge backlog of passengers and the tenuous nature of the re-opening, I have my doubts about even making it home by Sunday.
As for my trading, it’s been going pretty well during my stay. Last Wednesday stunk, but otherwise a bearish tilt has served me well. I lightened up considerably Monday morning, and my largest positions now are a long in GLD and a short in TLT. A long position in TWM is my only large bearish equity position.
A push to about 1200 and a resumption down about 50 points smells about right to me. Now that the government has grown a pair and is willing to take on the Anti-Christ, it has emboldened both governments and corporations alike. I never thought I’d actually cheer on AIG, but I am. Go get ’em! GS must be destroyed.
I know you’re probably weary of my saying so, but Leisa has held this place together. In fact, traffic is on the way up! So bless you, dear Leisa, for being the uber-Sloper.
That’s enough typing by iPhone for now. I’ll keep everyone posted on the progress of this Volcano-induced adventure.
