Trades!

I closed EEM for a 2% profit today and EWZ for a 7% loss.

My ultrashorts (DUG, FXP, and SDS) have been surging lately. I wanted to take a some stuff off the table, as these positions get larger the more the market falls. Actual short positions get smaller when the market falls, meaning exposure decreases.

COF came out with earnings, oops, I mean losses. As one witty commentor said, "What's in your wallet? -Apparently not much." The subprime credit exploiter posted a loss of $3.74 compared with analyst expectations of $0.33 in profits. See Marketwatch. Crapital One is a terrible company. For years, they've exploited people with low credit and made all their money off fees.