Friday, July 29, 2011

Went Long $QQQ

With the lower open I went long the $QQQ. The thought being that maybe we will see a debt deal soon. The President is on in a few minutes.

As I mentioned in yesterdays audio boo, if we were near the bottom of the range I think the likely reaction to a debt ceiling deal is up. I could be wrong. And exploding debt is definitely a longer term issue.

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