20070919 PM

DJIA 13,815.56 76.17
NASDAQ 2,666.48 14.82
S&P 500 1,529.03 9.25

Yesterday rates were cut by 1/2%, markets zoomed higher (300 points, 70 points) though not with smashing volume. It looked like a huge short squeeze. Volume light again today. The markets can head lower, possibly beginning later this week. Options expire this week.
Gold/silver went up on interest rate decision. Gold equities have gone higher without huge volume, so they may be pulling back. If overall markets pull back, miners could go on sale.

Yesterday just after rate cut, went long BIDU at 266.48. Sold today at 280. Today BIDU closed at 275.95. With 10% short interest, this has a mind of it's own.

SKF 76.2 -1.08. Range today 74.37 - 77.21. Opened with gap down and worked higher during day. Am looking to buy tomorrow during day.
QID 41.39 -.13. Look to buy on open tomorrow, particularly if markets open up.
GM 34.98 -.79. 2.86% dividend. Keep on watch list for a long. Fundamentally negotiating with unions.
MAS 24.83 -1.32. 3.7% dividend. Gave up gains from yesterday. "Masco manufactures, distributes and installs home improvement and building products." Should have looked to short this on fundamentals and performance of HD/LOW.