NotVerySmart2

New Sirius Channel Line-ups Cause Stir

Hi All,

Gald to hear SIRI has survived earnings. Got absolutley slaughtered in AAPL, and have since taken a neutral to bear stance with a long straddle. I just don't know what to say about this market. Valuations, actual earnings, and reality seem to escape it. I sincerely hope that our current administrastion and G20 do something or I fear we may see Dow 6k-7k within the next few months. I strongly suggest nutral positions (hedge longs) as anything with a beta is going decline.

Good Luck,

NVS