STILL SHORT --- LONG CRUDE anyone?

Short any rally in stocks, until further notice. CRUDE? Want to go long via USO. Fuel shortages in Japan, MidEast still bubbling with Saudis in imperial style intervention in Bahrain and Libyan oil off the market for some time.

Short any rally in stocks, until further notice.

CRUDE? Want to go long via USO.

Fuel shortages in Japan, MidEast still bubbling with Saudis in imperial style intervention in Bahrain and Libyan oil off the market for some time.

Not yet, I don't think, but soon (maybe a few weeks from now??). My guess is that markets continue to fall (again, with the usual snapback rallies) in a fear mode where everything aside from treasuries get liquidated (including gold and silver) for a bit longer. Then we see a rally for a while where everything goes up. Then the world's attention goes back toward crude oil and the intensifying problems in Bahrain and Saudi Arabia and that "causes" a crude spike and another leg lower in stocks.

But I think for the time being people are putting aside the crude/money printing/inflation story and just reducing risk everywhere. But since you're probably right (imho) about crude a bit further out, maybe it's a good idea to accumulate april/may uso calls about if we see some more selling in oil.

CLOSED 75% shorts STOP on remaining 25% @ SPX 1265

Holding CRUDE long Will open long AAPL positions -- 330/320 APRIL spread