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To the Street

The Street is kidding itself to think the Fed will cut by 50 basis points.  A 25 basis point is more likely.

If we rally today, I will mostlikely short the SPY due to the Street’s false expectations. I will use the April 142 SPY Puts. (Not a big position, more or less enough to protect my portfolio.)

This entry was posted on Tuesday, January 29th, 2008 at 10:31 am and is filed under markets, economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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