Th big caps who provided leadershipin 2011 did not show any oomph in new year
The beaten down stocks like MSFT, BAC, JPM, BAC, CSCO did provide decent gains
Only other stock = DIS, GE, CAT gained.
European banks stocks got killed in last 4 days with DB being the loss leader with 10% loss
I did buy a 35 / 40 Feb call spread for DB for net debit of $2 with 40 days grace period to be right or wrong. I planto hold for 15 days and see what happens

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January 6, 2012
Edited: January 7, 2012
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