12/6/13

Market situation

Today may be a bittersweet day for the markets as a very positive nonfarm payrolls report showed an increase of 203k jobs compared to an expected 180k, but the good news leads to a higher likelihood of a taper (or in the very least a change in “tone” of fed statements) of the QE program, or as traders lovingly call it “POMO.”

S&P futures are up 1% premarket and it will be curious to see if we continue to gain or we encounter a “buy the rumor, sell the news” type situation.

Current Holdings

WLT      Entry: 13.86     Current: 15.66

IRA:

BTU       Entry: 19.03     Current: 19.45

WLT      Entry: 15.74     Current: 16.00

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