Which reminds me that somehow, some way, I have to get some cash set aside to short FNM.. Why that's down right Un-American.
I shorted at 82.
I've been tempted to put the short money into puts.
Must.... resist..... the evil temptation.
Better to be be a capitalist pig and be "Un-American" with cash than to be an idiot and listen to a two bit CNBSC huckster. Did you notice the slaughter of the European banks the last two weeks? There is a definite unease about the upcoming unwinding of our bubbles overseas and the Japanese economy will not do well in this shock either. The move to shorter term treasury auctions will get real ugly also as I can see some drastic price swings after an attack and a major real estate crash.