Hedged some short positions with a BAC call, figured it could only make a new 52 week low so many days in a row. Its paying off today, i'll update with a net gain, if any. I have a longer term MS short that I'm going to attempt to ride back down. It seems the United States has committed to preserving liquidity for foreign banks.
For more on that see this: http://www.zerohedge.com/news/here-comes-global-liquidity-bail-out
For a good speech on economics in the United States, see here:http://vimeo.com/32496312
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