Tuesday, March 24, 2009

If the theory of the market rally

is for the Treasury to defend the bond market and not the US dollar then why was the price of bonds down today?

About -0.87%

It appears to be a short squeeze. And the news concerning the macro economic picture is very confusing for me. It's very important to keep an eye out for reversals and buying cheap insurance against another market sell off. Even if the market will continue its bullish streak, a 50% retracement of the 20% rise may be in order.

I like JPM puts way out of the money.

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