Steady as she goes - early(mini) xmas this year?

The bear rally still holding, ish. Yes, ok, US down, but market reacting to any bit of positive news these days and largely choosing to ignore the negative (and discounted?) ones. Sounds short term bullish to me. Im sticking to my long US bank calls for now. Not planning to be a long term structural holder of them , but still,,,,

Hearing institutions on buying strike when it comes to Swedbank and SEB. Very interesting,,, although I do not perticularly like them and there is the clear and present danger of new capital having to be raised, Latvia doing a deval surprise, (yes, I know theyve said they are not going to, but, thats part of the game) etc,,,, I feel tempted taking on a very short term bet going long,,,, must be loosing it. However, NOT in cash. Options only. Very important. Using the Dec maturity.

For the record; Beyond short term, I do not like the bailout processes going on at the moment. Not one bit. Short term it is being ignored, but not for that long.
More on this and other topics later today.

Be lucky.







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