last chance

to get S&P cash with a sub 1300 handle for awhile.

What's gonna lead this market up in your opinion? IT

Money coming out of bonds, commodities. Ben bottomed the dollar, and the next day hedge funds got notice that their leverage is reduced by more than half (see MF Global). Yesterday was a futures selloff, as they took off the yen JGB/spx carry trade. Also they had to dump their excess commodity longs. Now for every dollar they sell in the commodity/Bric trade, they have to cover a commensurate dollar amt into SPX futures.

You think Bob Steele (the guy who's doing the dirty work here) doesn't know what he's doing? You think he's just going to let you buy back without paying the price? I know the guy and worked for him back in the day- we both sat on Rubin's equity desk. They've found a way to get the hedgies to fund the rally. Inflation is a bully they can beat- especially since we happen to be going into a depression.

What's gonna lead this market up in your opinion?

IT

Phineas, Your comments are always appreciated. I had a couple wip saws this morning but am now long from 1300.50- 1301. Sold half at 1310 and riding the rest.

Well played my friend.

I think we may see 1335+ by the end of the day.

Phineas, Your comments are always appreciated. I had a couple wip saws this morning but am now long from 1300.50- 1301. Sold half at 1310 and riding the rest.