Threaten to pull stimulus and "The Street " sends her down just far enough until they get what they want and then send her back up to confirm their approval. This leads to another great opportunity to digest this market dynamic. Whether it is right or wrong is not for discussion here - know your market and profit from it.
To the point: We see mixed signals from The Fed. We think it is time to really consider going long volatility and shorting the markets again. The Fed and ECB provided this mini "Verbal Bail-Out" the last 4 days. It cost them nothing ( except credibility to some or maybe even a lot -who knows).
The path of least resistance is now DOWN
Our Previous trades are BACK ON. It only took a few days and we originally thought we sold early. We were spot on. We are going to do it again with the profits from the previous trade.
Is it your last time to buy or Sell? We are betting it is time to sell Mortimer. Sell Mortimer, Sell!
Let's watch and see if the profits roll in;) Again! We need to collect our Christmas bonus now...you can bet "The Street" will be doing the same thing;)
