This market is flat out crazy. The tape is really choppy and the battle between bulls and bears is growing. The bulls feel like the bottom is in and see the sp to 1000 by summer while the shorts are shorting because of the gm bankruptcy and Q1 earnings due out soon.
I made some buys and sells today. I bought some copper based stuff, as well as HA on a technical play. I sold my RBY and a third of JASO stake,around the time of the update. The price action is wild in these names but with obamas plan and chinese subsidy, I like solar (its very volatile though).GNK is a loser, so ill dump very soon.
The weak close surprised me but not really. I'm about 60% cash and have treasury exposure, no short exposure. We shall see about tomorrow, adios!
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