Nice turn around. Thought we might crash this morning. Way this trading cycle turned out, I am finally in a position where a modest loss, flat or any gain in the market will benefit my account. I could only get hurt by a major crash! Will relax from now thru Friday. Geitner and Bernanke seem to both know what they are doing. They are both market friendly as was Robert Rubin in his day. Greenspan was a disaster, but entertaining. Keep in mind folks "Don't fight the fed"!
Wow! Just checked Dow futures on Bloomberg, down $95. I am so happy that I adjusted my Dia spread just before market close yesterday and changed from a bull put spread to a bear put spread. My overall portfolio remains slightly more bullish than bearish, but that adjustment will prevent me from losing all my gains made over last two days. That is, unless we have an outright market crash! I just wish that the two naked calls that I tried to sell had filled at my limit price yesterday, that would have been a nice way to start the morning with futures pointing way down.