New Highs- Elation Everywhere

As I am currently writing this the Global marketplace is exploding, there are fireworks everywhere.

Fireworks usually end with a big rally and then an abrupt ending and silence. With even the marginal hope that the fed will once again cut rates, the markets will keep rising.

Few Notes:

*Institutions have been plopping their money in defensive stocks.

*On Dave Barrys blog is an interesting dynamic- that durable good could be a leading indicator!

*Warren Buffett announcements actually make for better shorts, perhaps his style of investing is much too archaic and will not work in this upcoming century.

*All over the retail news there are articles about the fed saving our economy from the credit crunch. What does this really mean?

*Asset prices are currently inflated, the inflated dollar is actually benefiting the huge institutions operating in terms of the global marketplace.

I took a position in SOHU prior to the fed announcement. I was 30 percent long and 70 percent short in CAH. I'm still shorting CAH, it's a dog with fleas.