1:00pm (EST)
Folks, New York is on “High Alert” as breaking news has hit the market that the Nasdaq center is being cordoned off because of a suspicious van in the area. The Dow was just trading in positive territory before the news and is back down 11 points to 10,553. Hopefully, the van doesn’t contain any kind of bomb or explosives but with us getting so close to New Year’s we should have known some kind of news like this would hit us.
The good news is that our option trades continue to outperform the market but we are going to lock in profits on some our current trades. One of our trade recommendations is up 150% and we’d be foolish not to protect that heading into the close of 2009 and considering the shenanigans going up near Time Square.
This may turn out to be a non-event and right now it hasn’t had much of an impact on the market. But we were in positive territory. We would rather be safe than sorry…
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