Thursday, August 25, 2011

Caution!

Bernanke isn't going to save us tomorrow. I thought it was a bit unfair to pin the rally this week on what he has say tomorrow.

Steve Jobs, i never owned Apple stock, and i don't own many Apple products but i will miss the man. America will miss the man, if he doesn't represent capitalism i don't know who does.

Here is my current portfolio.

50% cash, 15% short, 5% commodities.

Buy some cheap Apple puts. Apple is finding support right now, but the market will look for any excuse to hit it hard. If Bernanke disappoints tomorrow, look for the market to take it out on Apple.

Either short Apple through puts or through some inverse technology ETF's.

Take a look at TYP.

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