Suffice it to say, whatever appealing rally was building earlier in the day, was negated by the end of day. The call buying was real small, more like nibbling. When I buy them, I buy Slw calls.
A week or more ago CSCO ceo was at the Clinton thing on a panel with blankfein from GS and another ceo, what struck me from that interview was the first ceo saying china's growth is more like 2 per based on their cscol numbers. Since then I've seen a dozen other ceo's of international conglomerate base infrastructure companies say the same. Now, apple, IBM and the latest Google are all getting a beat down. Something isn't right. After yesterday I think I have to start looking at selling or shorting every rally.
The calls I bought yesterday were paid for by my day trading silver, so I can't lose on them in my net profit way of thinking. I think everyone should be real cautious on everything including pm's.