Y’know…for the market to correct. I’ve been preparing for it, but it never comes. Every time the bears make a play, the bulls trample them. But, the volume of bulls keeps getting lower and lower. Monday continued it habit of a green up day.
Did you notice this morning that the indexes opened up and so did the VIX? Usually one is up and the other down. That got me worried that something was going to happen…but it didn’t. Seems like cash is probably the best position to be in, but I keep nibbling on the short side with QQQQ puts and the inverse ETF TZA. I’m also on the long side with DRYS…so I guess I go both ways. 
After hours trading today was wild. AAPL and VZ busted to the upside when the Wall Street Journal reported AAPL to make an iPhone for the Verizon network. Of course this hurt both RIMM and T which went the other way. Another move was GNVC when they announced a failure of a Phase 3 trial…the stock dove 75%….traders couldn’t get out fast enough. 
Tuesday we get the Home Price Index and the Consumer Confidence Index along with a spattering of earnings reports. Let’s see if any of those can get us a turnaround Tuesday….to the downside.
Here’s some reading that should show us the way….
Consequences Of Health Care: Valuations
Sometimes, entranced by the screens, watching equities, options and futures change colors, charts moving in a wave, and indicators pointing in every direction, I just have to scream....
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