Friday, October 27, 2006

On vacation next week

Ha! It was just too hilarious that the market went down the day after I got out of some short positions. Well, as promised, I remain flexible and far more ready to move to the short side than vice versa. I shorted BZH (again) and CTX near the close today. I went after NEW as well, but the order didn't go through.

Would the low GDP number finally convince the market that a "hard landing" is more than a fleeting possibility? Or would the passing of the year-end for mutual funds do the trick? How about the impending Democratic sweep? I'll try not to think about such things when sipping my Sapphire and Tonic on a beach in Kauai next week :)