May 17, 2006
Whoosh - There it is!
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.