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The market did not like CAT or MSFT earnings today.  It actually felt good to know stocks could sell off on bad news instead of the heroin induced QE state of suspended animation that has taken over equity prices for the last couple of years.  I don’t think the MSFT earnings were 10% bad but the market did not agree with me.  We are not talking MSFT, we will talk AAPL.

Option Pit has taken a very complex business, options trading, and broken it down in a way that simplifies my chances for success. Dan Stern

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