Yuck!

So China is moving money around from a fixed pool. Obviously, we could care less based on today’s action.

My one big position (short China – FXP) is heavily underwater after todand and Friday, and with the other market bleeding today was just not pretty for me.

Here are my videos from today’s TechTicker:

The first is about China , the second about Apple vs RIMM . Fred has a great post on the inevitability of the iTouch , which is something I never thought about.

Back to the markets…It is hard to see and end in sight to the bloodletting.

Biotech is interesting for sure and their is a the educational sector which seems to be humming, but with so few ideas working on the long side and so many shortsellers emboldened, every trade remains crowded and difficult.

Traders can make a living for sure, but running a major portfolio has to be maddening.