The violent down move and then up move during the past two trading days is the year in a nutshell. A lot of movement, but not a lot of change in prices. At some point the market breaks out from the range, but for now it is range bound. The scalpers seems to be tightening the range.
My schedule allows less time than ever for following the markets. I have a few small positions expiring 12/16, and only one open position for January 2012. I have little appetite for additional risk given my time constraints.
Long BRKB, SPY, TBT
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