Tuesday, November 14, 2006


As the S&P 500 hit new highs again, at this point, that backspread strategy made a lot of sense. It has allowed me to be wrong, but right anyway.

I keep thinking I have stumbled into some parallel universe where normal market behaviour has been suspended and any news sends the market higher. Good News is obviously good news. Bad news, is also apparently good news. A slowing economy is bullish.

Shades of Animal House.