AIG Distraction

I think the AIG bonus controversy plastered all over the news is simply a distraction from what is really going on in our economy. I understand the arguments for and against reclaiming the AIG bonuses, but I really don't care one way or another. We're only talking about 125 million in bonuses, and have lost site of the fact that we're spending trillions of dollars in an effort to stimulate the economy.

Today was a very bullish day, and my puts continue to lose value as we move higher. I don't read that much into today action though, as its options expiration week, and we have only reclaimed the gains that evaporated yesterday at the end of the day.

I didn't do much today except buy some more QQQQ puts. I have a very large position in QQQQ puts (probably my largest position so far), both April 27 and April 28. I need to see some weakness soon, to turn these losses into profits.