Watch Friday’s expiration …
Watch Friday’s expiration and how market fares the week after …
At the moment we see a huge short squeeze especially in the Financials …
I trade since 1982, but the current volatility seems to me unprecedented …
Some of today’s “sparkling diamonds” 
30 mins before the close … as I can’t wait …
Goldman + 14%
Merill + 12%
Citibank + 9%
Countrywide + 23%
Banc of A. + 6%
LEHMAN(!!!) + 42% !!!
Morgan St. + 18%
AIG + 8%
UBS + 16%
JPMorgan + 4%
Freddie Mac + 22%
Fannie Mae + 24%
Wells Fargo + 8%
EVEN MBI is up 12%, Ambac up 15% and
BEAR STEARNS is up another 35% to 6.55$ (OOOPS )
So enjoy the rallye … as planned … but be aware of the killer volatility
Tags: expiration, squeeze
