Wednesday, August 10, 2011

Don't forget

3:13 am (Hawaii) Obama is long Treasuries, as revealed last year when his tax info were released. Just a coincidence? Just a show of patriotism? Maybe. Maybe not.

Just opened a small position in FAZ (65.00). Tight stop (mental). Frenchie banks are the catalyst this morning. Careful of another melt-up like yesterday's final hour. FAZ went from 81 to 58 in, what, an hour? But the technical bounce is possibly done, and it appears the downswing will resume.

Business Insider: Sharks swimming around France (Aug 10)
Business Insider: Pre-market selloff gathering steam (Aug 10)

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