Opening statement

The markets are down about a percentage point across the board here in the early going, but our hedges along with the Sandisk calls are kicking in and keeping the portfolios mostly in the green. For now at least. I wouldn’t be shocked to see this market do some back and forth with some gusto before the day’s over. A lot of traders out there looking to make moves before the weekend.

Speaking of the weekend — here’s something you need to be thinking about and that I’ll try to ask for the next couple months on occassion: What will be the next likely catalyst? New Greece news? Occupy protests heating up? Merger Monday? Steady earnings and bubble blowing policies?

Anyway, I’m not looking to make any moves today so far.  I’ll send out a positions update later and will be back with links and more commentary and analysis in a bit.