Give Me Beta!

Everyone sure seems worried, Muck.

The market?  I increased my beta this morning and added some semiconductors.  As you know, the bearish sentiment is extreme and now even the contrarians who have been saying this seem to be taking their losses and getting defensive.  I think this is a perfect set up ahead of options week, so lets see what happens.

On American Idol last night, I thought Katharine McPhee (McPheever!) and Mandisa were the best.  It's time for Kinnik to be voted off the island.  There are a few others on the bubble who are around the same talent level, so it's anyone's guess who will get voted off.

Adam brought up the question on his blog (Daily Options Report) about "24," But how does he (Jack) escape from being trapped in an exploding bunker, and hop right in his car and beat Christopher Henderson back to his house. By a good ten minutes. Seems unlikely he stopped off at Starbucks on the way home with that suitcase full of cash and CTU onto him. Aha!  Well, turns out that Christopher didn't stop at Starbucks, but called his banker and asked for access to his vault. Of course, how come that only took about 15 minutes? These folks whisk around LA and get things done in nanoseconds...