Today's Trading

During the last half hour, the equity put/call ratio was 0.86. We've had a nice 100 point correction in the S&P and now it pays to be disciplined about covering some shorts.

Credit Bubble Stocks short Grubb & Ellis (GBE) is down an amazing 11 percent today, so I'm buying back some of my short. This one tends to bounce after a massive down day, which will allow me to reshort if it happens.

Also bought back some of my Regency Centers (REG) short.