Range Confirmed.

Looks like Dow Jones range 8000-9000 is confirmed for now. Turnaround Tuesday (Thanks, Todd Harrison, for coining this term) stopped big rally.

My apologies to Jim Cramer. He is no dancing bull. He understands that we are in a trading market. He understands that it's way too early to talk about recovery. And idea from today's show to buy auto companies convertibles is very interesting. I'm looking at Ford convertible now (F-PS). Not at after hours prices though.

Treasuries craze continues. People are buying 3 month bonds for no interest! No, it's too early to short Treasuries. I'll wait.

I see that my yesterday article on Microsoft was quite popular. It was my view as an investor. I'm trying to separate my view as IT specialist from that. From investor's point of view, MSFT has a lot of hidden value, which can be unlocked by splitting company.

Full disclosure: at the time of publication author had no positions in MSFT or F-PS. Positions can change any time.