Monday, June 25, 2007


Very strong intraday reversal in the indices. Lets see how the last hour goes. Lots of red flags everywhere - Housing numbers weaker than expected , rates rising, a ridiculous Goldman upgrade of GM ,rising oil prices and a general realisation that the Apple iPhone might be overhyped.

On a side note I have been further liquidating some long positions. Like I previously said, the current market action scares me and cash is king.

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