The collision of global markets and social mood

Wednesday, March 2, 2011

Leaving On A Jet Plane

Heading to Denver now, then up into ski country. Interesting to see crude oil down slightly this morning amid what sounds like escalating unrest in Libya as reported by the BBC. This is also with a slipping dollar too. Worth taking note of.

Europe and Asia are largely down this morning, and S&P futures are up a bit. I bought some SPY 132 calls yesterday at the close just in case the market decides it wants to bounce. I have lower targets in the 1282 area, but as always the market may not. Hopefully when I get to Denver I'll be able to check in and reassess.

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