A diary of the thought process behind my investment decisions
At the close tomorrow Visa will be added to the S&P 500. In addition Wells Fargo's weighting will increase due to their share offering. It is also possible that S&P will decide to increase Citigroup's weighting. If these changes occur we will see a $10 billion sell program at the close tomorrow in order to buy these names. I am likely to press my shorts until then. I did not cover a single short today. Have a good night.