Market Outlook

Futures seem to be flucuating a bit today - around 5:58a we were down about .33% now we are up about .08%. This market seems like it does not want to die, so my best advice is not to fight this tape. In terms of housekeeping, I covered my LVS short for another loss. In my opinion, LVS is one of the most overvalued stocks in the market but it is too risky to short it here, considering people have been upgrading it like crazy. It could run to $22-25, then I might short it. It's rather funny because we loaded up at the bottom at $4.80 and sold it for mad profits, now I got it all back on the short side :( On the long side, I will add more shares of DRYS, TSYS, PEP, PG and possibly take another long position in HBAN or FRO. I like FRO with a 3% yield but like it better at $20 than here at $22. Other than that, let's sit back and brace ourselves for someone fun..I am down on the month and need to get my act together quick - I am not used to losing like this. Sit back on some cash, have some longs and enjoy this bull parade.