The market is up strong. Although the Fed Chairman had some less than bullish comments in Germany today. The US has a limited ability to repay debt? Countries are bidding up US Debt? Huh? Now that is a paraphrase, but sheesh even hinting that doesn't seem very good... does it?
This seems like a short covering rally. On of very little substance.
Buy gold, sell housing? That is my basic idea here.
I am looking at a few bearish housing plays, and a few sideways plays. I haven't traded anything yet, as the market is up, but still in the middle of the recent channel. This is a great thing for my IWM, SPY, SPY, and DIA short Iron condor trades. I do have about 43 orders in the market.
I guess I have a little Fergie music crush going
