Deep Market Thoughts...Apple and Oil

A few things need to happen right now for the market not to disintegrate.

Oil needs to stabilize and than drop $50 immediately and Apple needs to make us believe that Steve Jobs is HEALTHY.

The Wall Street Journal is running a statement from Apple that Steve Jobs has a ‘common bug’. That could only mean one thing…he upgraded to Vista :) . That is the dumbest thing they could say, even if (hopefully), Steve Jobs IS healthy.

The market is in a don’t trust mood. Bullshit statements issued to the Wall Street Journal combined with oil dips being bought at every level is poision right now.

Very happy to be light and flexible and mostly watching. Hope you are on Twitter and nailed this morning’s Apple short with me. I have covered half at $174.

Disclosure- Short Apple, Long OIH, XTO and other selected oil and energy stocks.