Friday, August 31, 2007

Vacation Time

Today was the start of the long weekend, and I took today off just so I can trade options all day. Yyeah, I know its crazy, but I guess I really enjoying doing it.

Anyway, the market hasn't been too volatile, and Bernake's speech along with Bush's speech has calmed the markets.

I've taken two large positions on the S&P500 and Nasdaq Index, betting they will do better in next two months. I expect the Fed Rate will be cut by 25bps, which will propel the market back to its mid-summer highs.

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