It was actually a rather crazy day at the markets

It was actually a rather crazy day at the markets, as the DJIA was up triple digits while the Nasdaq dropped nearly 1/2%.  Chinese Internet stocks were down huge, with Bidu and Sina and the others just selling off relentlessly.

I bought some banks today as noted.  Yes, it’s true. As we build these new longs to hedge/counter our shorts in the sector, we can set ourselves up to profit no matter what happens with these banksters from here.  I think we’ve got the right bets in the right companies, rather than just bazooka-ing the entire sector with a short and then flipping to a long.  That’s what the countless hours of combing over these companies financials is for.

Watch for the chat transcript coming out tomorrow morning.  And if you’re a weekly trial subscriber, please sign up for a full-membership before your trial runs out so you don’t lose out on the next trade.

Thanks for reading and see you tomorrow.