Taking Apart The Financials

Bear Stearns is down about 8 and the SKF (ultra short financials) up 9 points. Carlyle borrowed about $32 for every $1 they invested. That’s great when things are working, but you go out of business when it doesn’t. Well, Carlye is going out of business this morning. Gold hit $1000 and oil looks higher, I hope it pulls a reversal as I am still short USO. The KOL short from yesterday is working nicely and is up almost 2 points from yesterday morning. Good Luck

ps spx 15 points fron Jan lows–who would have thunk it