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Extraordinary Times

Date: 9.10.2008

We certainly live in extraordinary times. The markets are just getting more and more profitable. This last couple of weeks has been really exceptional, I don’t think there has ever been a better time to be a day trader.

After the last few ‘long only’ videos, I’m back to normal today. As it happens, all of today’s trades ended up being shorts. YHOO looked good for a long at one point, but the entry never confirmed.

Many have asked me about shorting and what we can and can’t short. Essentially the temporary ban applies only to financial stocks, but your broker should carry a full list. The banks made some amazing moves today, but alas they cannot be shorted. Still, there was enough action in the non-financial stocks…

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