Look, No Wires!

The market is levitating on a stage, but I can’t see the wires that are lifting it. And this is a dinner cabaret, so isn’t it fun to go to dinner when someone else is buying? Isn’t that what the FOMC is doing? Free money! Free drinks! Suck it up suckers!

I’ve come to the conclusion that the market is simply never ever going to go down for more than one day (or a few hours) in a row.

Okay, enough of that BS.

So I’m still wondering what is driving the indexes up. It doesn’t matter because all you can do is react to what the market is doing…..not what you want or wish it to do.

I sold the rest of the DRYS calls for 40% and UNG calls for 81%. It would have been nice if I had loaded up, but it just doesn’t happen that way. I’m happy with those calls, but still dragging along some losers….TZA TWM just waiting for the highly anticipated correction….maybe.

Although it’s a light news week, tomorrow we have Mortgage Apps, Consumer Credit and another Treasury auction….oh yeah, and Bernanke has a speech. Let’s see if tomorrow does anything different.