More Drama

{+++}Some reports have the white paper out at 2pm but evidently the Fed website reports that it will be after the close. I would love to have been be a fly on the wall at the meeting that discusses the  banks that won’t make the cut, because that is where we could make a killing on the short side. I still belive that ZION and maybe even STI could have issues, but don’t know enough to put on a short that carries me past 4pm.

I am waiting for a substantial pull back soon. I’m seeing valuations that are in nosebleed territory and violate any type of reason. In the meantime I will be posting my intra day thoughts on twitter. If I see anything I will immediately report. The weekend newsletter will be out on Saturday or Sunday and I will do a post this evening as usual, as well as Saturday.

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