Thursday, February 14, 2008

 

Retail and Buffet Put Is in Peril

Warren Buffet wants to buy some bond insurers and retail sales are better than expected. That was enough to send the SPX rallying over 29 points in two days to 1367.21. Wednesday the SPX was up 18.35. We are in the green but with very little wiggle room with only today to go until expiration.

We need a down day or the SPX to finish below 1370. As I type futures up slightly at 2.5.

Lets see.

Until next time.





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