Another oversold rally today. Volatility is incredible now. I just wonder, is anybody out there doing arbitrage? Or maybe main brokerages, like Bear Stearns, Merrill Lynch etc. are so deep in their internal troubles that they don't have time to do their main job, making money from market moves?
Cudos to Doug Kass, he is definitely doing his job. Anyone else?
Bought a little bit more TSCM today. It might even go lower, but I'm staging my buys.
Full disclosure: at the time of publication author had long position in TSCM. Positions can change at any time.
Disclaimer: This article is not intended as an investment advice. Every person should make her/his own investment decisions based on all available information and advice from her/his own financial advisor.
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