<p>Doct…good job getting out of your Aapl trade.</p>
<p>Apparently so - at the time I thought I was making a mistake.</p>
<p>Austerity…</p>
<p>[The</a> Strip | By Brian McFadden - Slide Show - NYTimes.com](<a href=“Opinion | The Strip, 2016 - The New York Times”>Opinion | The Strip, 2016 - The New York Times)</p>
<p>I was out grocery shopping this morning and spotted a bagger that looked like he was 13 or 14 years old. Pretty enterprising kid getting up very early on Sunday mornings to work. This grocery store hires a lot of local teenagers to work in the store though they’re usually older. Jobs are had by word of mouth.</p>
<p>Its interesting how views differ in regards to the French elections. Hollande won which will cause the market to probably sell off tomorrow because of the potential issues with Merkel. I view this as a positive step. Hollande advocates a more aggressive ECB in spurting growth. The austerity cr** is destroying the economies there and they need a more pro-growth German than Merkel.</p>
<p>That’s right, doct.</p>
<p>Mixed bags today in real estate…</p>
<p>I was told that in the east bay…buyers still are having a very difficult time getting loans. Most of the deals are all cash or investors.</p>
<p>I was walking in a Novato neighborhood…and I saw a real estate agent talking to a client.
So…when I got very close to them…I walked very slow…so I could hear the conversation. :)</p>
<p>The agent told her client she only had two places to show him because there are buyers out there…there were 4 bids on her last listing…and there is no inventory.</p>
<p>My wife…who works in real estate development…said forget getting a loan from a bank…not going to happen.</p>
<p>Looks like S&P futures are down about 1 percent…as of 3:20 pdt.</p>
<p>so there is support around 1360 and 1340. Will I need to roll those 133 puts out another week?</p>
<p>Well…let me put my God hat on… :)</p>
<p>Looks like support in the Spys is 135…</p>
<p>
</p>
<p>If Germany is strong armed to let the rest make toilet paper out of the Euro, that by itself is OK for us. If only we can keep the IMF and US financial institutions from putting our money in Europe for the inevitable “haircut” like the one Greeks administered to their creditors …</p>
<p>I see 136 and 134</p>
<p>:)…</p>
<p>Right now…the spys would be trading below 136…</p>
<p>Does that matter?</p>
<p>These night sessions…don’t always reflect what is going to happen the next day…</p>
<p>I doubt that it matters but I suspect that tomorrow morning will not be pleasant. CNBC folk on Friday, with Don there also, seem to think if we get to 1330, the Fed will step in with QE. Don seems to think that the Bernank isn’t in control anymore and has been politically hurt. He seems to think that more of the dovish, liberal fed presidents are in control and waiting to step in.</p>
<p>You are just playing with me, right?</p>
<p>I am supposed to be concerned by what these guys say on CNBC?</p>
<p>Who is Don?</p>
<p>If the market drops 3 percent more…we are going to have QE3?</p>
<p>I hope not…</p>
<p>Don Luskin - my hero!</p>
<p>Lol…</p>
<p>
</p>
<p>So if you don’t like anyone on CNBC, who do you listen to?</p>
<p>I listen to myself…</p>
<p>I have been trading for 30 years… ;)</p>
<p>Joe Kernan is great. He makes such astute comments.</p>