When the DOW breaks…

The DOW decisively broke through the June 15 low of 10,962, closing today at 10,609. Look out below.

I’ve been trading puts on financials, and the past week has been spectacular. But, hey, I’d rather be making money buying calls on financials. I’m sure one day that BofA and Wells Fargo, who will survive, will be screaming buys. But we are nowhere near that point yet.

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