Strange Days

Today has been really weird so far. I made some drastic changes in the portfolio and raised the cash I had wanted to on a dime -as several of the smarter guys that I read are doing the same thing. I am at 65% cash right now and may move to 75-80% very soon.

NCTY is taking off but I don't want to deal with this one tanking 20-25% if the broad market decline I am expecting materializes. I also closed out the GoldCorp(GG) and Wachovia(WB) trades at very minute gains. I invested some of the proceeds into October PUTS on the (XLF) - Financial ETF Spyders. This should work as a hedge to the gold position probably.............probably.

Here is snapshot:



Regards,

BG