My decision to remove the bulk of my short positions and to turn long on the previous post seemed rather timely until the last 15 minutes when the government decide to announce their lawsuit against ORCL. That sent stocks cascading down into the close as the uncertainty and the lack of time to do anything about it cause trigger pulling across the board. Typical situation for a typical time - too many things to watch and protect against all the time.

It has become so hard to take a one-way stance at almost any juncture even when everything sets up just as you want. Memo to myself to file for later.

It wasn't a huge issue but just one of those nagging things that happens. Still think this market wants to trade higher but now everything rides on the GDP number without the cushion we thought we would have.

Lots of earnings after hours again and next week will be the same. Now we wait to see how overseas markets view our inability to hang onto the gains not once, but twice today. I'm guessing they will be flat to down leaving the GDP as the powder keg in the morning. See you then.