E Nuff Sed

Shorting the Double Dip

Today, I got an offer for 2.9% APR for offer from MBNA for a full year for $50K. Credit is no problem for the credit worthy.

Just look at the rush of M&A's last week. This shows that large cap corporations have lots of cash, they don't know what to do with it but don't want to give it back to share-holders and find that acquisition targets are 20 - 30% undervalued.

Liquidity Is a Problem, But There Are Positive Signs Nonetheless

I have feeling that late day volatility spikes (usu. in the last hour) are driven by ultrapro short type of funds. A lot of newbies and daytrader types are dabbling in these funds. The sponsors of these funds usually end up selling or buying securities at the end of the day to bring the NAV's in sync with the prices.