May 17, 2006

Whoosh - There it is!

Last weekend I figured we would get something like today's bloodbath in the markets.

I also linked over to Bill Cara for a very detailed look at the ugliness and his bearish forecast.

Today was the BLOOD RED ugly day in the US markets.

I just landed and when I checked, I was not surprised .

I am not one to try and call bottoms but covered my gold puts and half of my S&P puts - unfortunately small positions - and will see where we settle come next week.

Tomorrow could be an UGGER! Not as bad as my grade 12 prom date, but bad.

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