Everyone kept talking about how this one was above the credit morass. This breakdown is not good for the shareholders. State Street was one of the few who had stood tall above this mess. Not a good sign for financials, not matter what the incessant nattering empty headed shills on pom pom TV continue to spout.
Housekeeping notes, I am moving my stop on 2 units short of Daimler down to 1 unit at $84.20 and 1 at $82.20. Defensive yes but given the nature of the equity markets do you blame my attempt to keep the frustration level to a minimum !
Good Speculating to you all.
Long 6 units Currencyshares Japanese Yen ticker FXY @ $88.55 stop at $91.40
Long 2 units US Gasoline Fund ticker UGA @ $51.25 stop at $47.84
Long 1 unit Ultrashort Dow ticker DXD @ $53.20 stop at $50.80
Long 1 unit Ultrashort Russell ticker TWM @ $74.80 stop at $72.40
Long 1 unit Ultrashort Nasdaq ticker QID @ $44.65 stop at $41.30
Long 1 unit Ultrashort Financials ticker SKF $102.20 stop at $95.80
Long 1 unit Ultrashort Real Estate ticker SRS $86.40 stop at $81.70
Short 2 units Daimler AG ticker DAI @ $86.20 stops at $84.20/$82.20
Short 1 unit Lehman ticker LEH @ $41.20 stop at $46.59