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State Income Taxes down 28% in Q2 ... with unemployement rising, I'd be baffled if Q3 taxes are not down more. Start of a new crisis?
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I don't think I've ever been more bearish as I feel right now.
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Bought some
ERY. Dollar could be in rally mode. BDI is dropping like a rock these days too. Risky stuff though.
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Buying some puts on DDM and FAS, October expiration. Bank of Isreal raised rates today.. technically, market is so overbought.
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51% bullish on AAII. Most since May of 2008 when Dow got to over 13,000. Fearful when others are greedy.
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Waiting on pullback to buy AOB under 5.00 and then write Jan 5.00 covered calls for close to 20% premium.
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AAII has now 50% of their members responding bullish. The last time it reached 50% looks like May of 2008 when the Dow was 13,000.
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General Electric to pay $50M in SEC settlement. Cost of being a corrupt business.
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Savings rate down from 6.2% to 4.6% .. Americans still oblivious we're heading toward a depression.
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AAII investor sentiment was 47% bullish and 31% bearish. 77% were bearish in the week the market bottomed. Looking like market top here.
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Covered short on DHI today. Made good profit riding down.
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Buying AOB and selling the January 5.00 covered call.
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Sold SSRI at 17.98 for quick day trade after buying yesterday for 16.64. Love the stock long term and will prob be buying back.
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Bought 1000 SSRI at 16.64. Pullback from 25 on June 1st now looks pretty overdone. Important for dollar to weaken too on this stock.
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Bought 10 November 15 Puts on PALM today.