It's March Expiry and a Market of Pure Craziness

It's March expiry. In a market of pure craziness.

First, we are a stupid American people. The 165 million bonus discussion has taken over the whole country, the Congress, and now people want Geitner to quit or be fired, and the bi partisan games continue.

What is sad is that no one gets this is a small thing, not a big thing. Sure it's wrong, it's messed up, but the situation at AIG is beyond our comprehension, and far beyond the Congress that has given the money, all the way back.

It's quite simple to me as a business consultant. AIG is what is called in my world a "giant clusterf___". When there is a "clusterf___" it is similar to a goat rodeo. If you put all the goats in a fenced in area they will kill themselves with their own stupidity, just as we are now seeing the nation take offense to a "small thing" and continue to miss the "big things" that caused it.

The bottom line: AIG is a clusterf___. Only Hank Greenberg, the former Chairman, convicted of fraud in 2005, even understands the size and scope of the shell game. No one can unravel a clusterf___.

We let it happen and we paid people retentions to get us out of the situation they got us in to. It's sadly part of the game. They may be creeps, they may not, but what is key is that this is a "small issue," yet again wasting our time, and the point of a bi partisan series of games.

And we waste precious days as a nation babbling about bonuses, all caught in the quagmire of no one originally setting it right.

But the market has been fun.

7588 as the high and 7329 as the low, all in one day. All new buys from yesterday's alerts were available at below prior day close, and both put and call could have sold for intraday profits of up to 61%.

We continue to hold a longer term hedge April put.