Dow comes 1/2 way back. Open the champagne? Or sell it with both hands? I would be interested in selling at 15,190 to 15200. All is well today, apparently, with the Syrian’s decision to let Putin rule the day, by giving them control of their chemical weapons. If you believe that its all wrapped up in a nice package and its done, I would dis agree. I’d be a scale in buyer of puts and seller of futures.
As I drove in this AM, listening to the radio up and down the dial, both conservative, and liberal commentators seemed in agreement that the worse threat is over.
When was the last time any of those people were correct on a political situation for more than a 72 hour news cycle.?
As for the bean puts, they picked up value nicely, as beans traded from 1384 down to 1340 last night. I would hold them through the report Thursday.
That is all.
CER