Sold 5 AXP130119C52.5; Bought 2 -SPY130216P138

Sold 50 shares of NUE and Bought 2 Feb 138 SPY Puts

I am betting on the market going down next week.    Ordinarily, I do not like to bet on timing but this on seems strangely clear that there will be more "hair" on the Democrat and Republican fiscal cliff love fest.

TDAY Bounce While Congress is on Vacation.

I am going to be ready to sell at the end of the day tomorrow.    I am thinking some amounts of NUE and and possibly UPS may get sold given the bounce with no substantial changes or fixes.....

Bought 50 Shares of KO - THE SALE CONTINUES

I imagine that next week will likely be an up week given congress will not confuse the market.     After thanksgiving I am expecting some more down days and possibly a capitulation till right before XMAS.    I do not want to be left out of the XMAS Sale.   

Predictably Stormy Water with Continued Storminess for the Near Future

Finally some volatility

I think the last 6 month have been masking this background noise - EU, US, China, Brazil issues.    But, I am not going to wait around too long to buy.     A santa claus rally could be around the corner and if the budget cliff gets solved then there is going to be little reason to be out of stocks.    

Sold 2 SPY Dec 2012 145.000 put (SPY121222P00145000) at 7.79

I am think there will be a correction to the upside soon....

The Debt Cliff - This will be an Opportunity not a Liability

The easy way for congress to get out of the debt cliff will be to kick the can down the road.    This will also benefit wall street in the short term by continuing the waste stimulus. 

If congress agrees we also win.    Wall street will think there is concensus on how to solve these hard problems.

If congress fails to act that will be the worst case scenario.    This will pull wall street down significantly.     I am not sure many will vote for incumbents after a screw up like that however.

Bought 50 Shares of BK Today

Looks like a bumpy ride in the near term