JPM just bought the deposits of WAMU and was brokered by the government as reported by the Wall St. Journal. Anyway,today was a beauty and my thinking paid off big time. I am out of all my longs and basically got what I wanted out of this mess. There is still no deal, things are getting sloppy,and it’s politics as usual.My biggest winner was STT which just exploded ( check the last half hour but especially the last minute of trading), I was also long JPM, UYG, DDM and SDS. I kept a quarter of my STT position only because of that close.
Tomorrow is a new day and the plot will thicken, but without me. I’ll get back in the sandbox when these children figure it out.