Back to Work

I am back at my post and hope all had a safe and enjoyable long holiday weekend.

For those that did care to notice the most recent unemployment number jumped to 9.7%. David Rosenberg had some interesting comments in Lunch with Dave piece, Not Labor's Day. But why would any of that matter when GE is upgraded by JP Morgan on, you cannot make this up, sentiment. (hat tip Zero Hedge). Yes you read that correctly sentiment. And you wonder why I have the opinion I do of many Wall St. inhabitants.

I encourage you to click on the following 4 links. They are all well worth your time.

Chinese Economy 2009

Debtors Revolt

Living in Beverly Hills

Eclectica August Comments


Housekeeping notes:

On Friday, I was stopped out of my FXP positions at $10.14 as it gapped lower on Friday for a loss of about 1/2 pt. on the 2 units.

I was also stopped out of ARO at the open of $42.10 for a loss of 1.5 pts on 1 unit as it continues to power higher.

Yesterday, (Monday morning) I was stopped out of my SRS position at $11.92 for a flat trade.

Good speculating and remind them to please don't ever forget that "an investor is a speculator who made a mistake and will not admit it".

Open Positions:
Short 1 unit JP Morgan ticker JPM @ $43.66 stop @ $43.66
Short 1 unit Abercrombie ticker ANF @ $33.23 stop @ $33.33
Short 1 unit Amazon ticker AMZN @ $79.86 stop @ $81.11
Short 1 unit 3M Company ticker MMM @70.95 stop @ $73.93