Black Monday

12:08 BSC Bear Stearns DEBT PROTECTION COSTS SURGE, STOCK AND PUT OPTIONS ACTIVE ON RUMOR OF LIQUIDITY CONCERNS, according to TRADERS - Reuters (61.13 -8.95) -Update-

BEAR STEARNS WAS NOT IMMEDIATELY AVAILABLE FOR COMMENT
 
there's a bearish triangle on daily the SPY. The VIX is low and the second half of July is not as good as the first half.
I got short on Fridays close.
Count me in.
 
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