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Battle for the West

Order of Battle

Outgoing Fire

Showdown Between the West and the Rest - Amir Taheri, Times of London

Fukuyama's Fantasy - Charles Krauthammer, Washington Post

Bush Urges Nations to End Violence; Rice Accuses Syria and Iran - David Sanger, NYT

Arab Governments' Role in Inciting Riots - Stephen Spruiell, NRO

The Promise of Liberty - Fouad Ajami, WSJ

Remarks at National Prayer Breakfast - President of the United States

'To detect and prevent attacks against the United States' - General Mike Hayden, Fox News Sunday

Our Right to Security - Debra Burlingame, WSJ

Spies and Lying Editorialists - John Hinderaker, Power Line

Saints in Armor - Ben Stein, American Spectator

Presidential Powers Defended - Bruce Fein, Washington Times

Iranian Intentions - Washington Times

The real secret to defeating radical Islam - WorldNetDaily

A Sept. 10 State of Mind - SF Chronicle

Incoming Fire

Hezbollah Leader To Bush: 'Shut Up' - CBS

Spies, Lies and Wiretaps - NYT

Warriors and wusses - Joel Stein, LA Times

We Don't Need a New King George - Andrew Sullivan, Time Magazine

Ignoring Protests, Iran Resumes Nuclear Program - NYT

'Bin Laden ordered rocket attacks [on Israel]' - Jazeera

NSA Whistleblower Alleges Illegal Spying - ABC News

Monday, August 17, 2009

Update on the interest rate trade

The TBT/TLT option trade worked out in my favor. Now I'm using the same technique with the S&P 500 - I'm short one September ProShares S&P 500 Double Short put at 39. Again, I collected about $35 in premium - but this time I used it to buy a Sept 67 call for $20. That is a mere $9 after commissions, but it puts me in position to make a profit if the market tanks before the 3rd Friday in September. If it goes up modestly or stays neutral, I keep the nine bucks. Not a bad deal. I'll let you know how it turns out.