Trading for the Masses

Bernake Put and Paulson puts flying all over this market. Its all good. Lots of talk of saving buried homeowners, but you still need the banks to go along and unless you strong arm em, don’t see much help coming out of all this rhetoric for folks who used cheater loans to buy too much home. Just one traders opinion, but I am placing my money on the don’t come today and betting the 6% move off an oversold position and end of month shenanigans and Bernake and Paulson puts need a bit of a pullback after such large moves up.

Time will tell.