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Wednesday, January 23, 2008

Interesting Month

I just got back yesterday.  It has been an interesting month.  The fed lowered the fed rate by 75 basis points.  The fed is in panick mode. 

I sold my Countrywide options (expiring Friday) last Thursday because I thought there could have been an emregency cut on Friday (I bought more yesterday).

It looks like another interesting opening today.  S&P futures are down about 3%.  Let see if PPT can save the day today.

 

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