I am waiting to see where this market is heading. Yesterdays close above 900 was bullish, but I just feel like we are going to fall back down to the 850 area in the next couple weeks, so I am not in a hurry to make any moves right now. There is just so many times we can rally on Goldman returning TARP funds.....It will most likely be a quiet day here.
FITB bounced back up to 8 yesterday. Still no news on how they are going to raise a few billion, but I would think something has to happen in the next couple days or weeks. As I suspected, its going to be tough to get a break below 7, but if/when it happens, my puts should explode to the upside.
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