Just a very quick early morning post to say that I've closed out all my index puts and have (on a smaller scale) gone long indexes for the time being. I think a bounce is in store, although whether the bounce lasts only an hour or two today or for a number of days in a row remains to be seen.
Suffice it to say I'm pulling in my bear paws on indexes, although carefully-selected bearish stock positions remain in place with good stops. (Update: I actually 20 RUZ-GD at $25, sold them at $27.50 about an hour later, and went heavily short.......)
I have the good fortune of being related to an employee of Pixar, and as such, I get to see (with my family) their films in advance. Yesterday we went to the Pixar theatre and got to see Ratatouille.
Believe me, it is their best yet. Even better than The Incredibles. If PIXR was still public (as opposed to being part of DIS), I'd say buy it. Even if you don't have kids, it's a fantastic film.
And thus ends today's movies section!
Monday, June 25, 2007