Stopped out of all stocks except upro, tex, and fwlt. Took some losses and a beat down in the portfolio. However, I raised cash- now in 60%. Bought more puts on the SPY since we gapped below the 200 this morning- on bad jobs numbers, a new catalyst. Spain does look scary I have to admit, with 11% unemployment and youth unemployment at 51%. Will be patient and opportunistic with the pile of cash I now have, using limit orders and wide buy points.
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