Thank you Quint, for the Talk. With Thursday’s lukewarm, going-nowhere-fast, only-saved-by-Citi’s-mortgage-deal market, we are still in the zone. Uggghh. I’ve been looking at IBB for short, too. But for oil, looking at how DTO behaved today, shorting days may be over. I’m looking at companies that offer oil storage facilities (viva contango), and they are doing very well.

As of this week, I’ve stopped worrying about the market. Things outside the stock market is going to be so bad and I have more pressing worries. My modest wealth has been destroyed and not much to salvage anymore. So I’ve started to look for breakouts in the sectors where people generally stay away as either too risky or no hope for quick recovery, and it’s been working, regardless of the market direction. Very strange feeling. Nice for a change.

My holdings now include closed-end junk bond and REIT funds (up 15-45%), bond insurers (up 20-50%), steel (up 30%), oil (up 15%) and gold (flat, was down 35% not so long ago). Continue to short fins and short tech (GOOG, AAPL).

Let’s see what tomorrow’s job numbers do to the market. I bet it will be bad, and the market will rally, as is the norm these days. LOL. GL.