Tuesday, January 4, 2011

Covering Airlines $FAA and Energy $XLE arbitrage

The $FAA long and $XLE short arbitrage came in yesterday, so time to cover that.  We're looking at a Real Estate $IYR short and long Aerospace $ITA. 

Appears to be the froth coming out of precious metals again today.  Not a buying opportunity yet, and may be a short on a bounce.

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