A Bet

The market has hit at least a temporary low.

Today I bought
GOOG PCU FCX ROK INTC ADM NBR NCR MSFT SSL and PDN
and
Wrote a covered Put on Citigroup

Tomorrow will either sink the market into oblivion if for some reason Citigroup and Merrill report something that reeks of bankruptcy because the market is already reeling and anything that's surprisingly worst is all it will take to move it down significantly. Which is why the market didnt zoom today or at worst cover the sell off on Friday.

It is waiting for tomorrow. The people that anticipate, like me, have gotten in today. If the market indeed has had enough of the sell off, expect a plus 300 day tomorrow or throughout the week.

I remember my GS loss which is very much like tomorrow's setup so I didn't go in guns blazing but did put on some trades because I feel the risk/reward is there.

Of course, someone will say that it isn't but this is my blog, my money, and my experience talking.