Hello from New Jersey, where I just filmed a Donny Deutsch after spending the morning 1) Being incredulous that "they" would open the market higher after last night's news and 2) Selling more of the few longs I have left - and actually reversing my "final trade" from last night's Fast Money and buying more of the 2x S&P 500 (SDS) (rather than selling as I'd said I would do last night, when the futures were much lower).

I have no idea who was marking the market higher this morning - but they struck me as quite mistaken about the tape.

Here's what I'm doing, when not passing judgment on strangers:
 

• I got stopped out of Burlington Northern (BNI) just under $80. I'm now 1-1 on winning and losing with Burlington trades. In this tape, I'll take it. As a general rule, tight stops allow you to go 1-1 and still feed the family.
  
  
• You can debate Hank Paulson's actions all you want, but ducking and covering is the only answer in a market where the rules change daily.
  
  
• Speaking of which, Goldman Sachs (GS) is down 62% since the government and Warren Buffett combined to "save" the company. Someday that stock is going to rally. Someday this war is going to end. I can wait for both of those to happen prior to getting long Goldman or any of the financials.
  
  
• What if Wal-Mart (WMT) is as good as it gets for the retailer earnings reports? I'm not sure of the exact answer, but I'm willing to bet on 2 things: 1) Wal-Mart probably will be as good as it gets, and 2) if I cashed out my entire Wal-Mart position and spent it all in the store, I would barely be able to fill a single shopping cart.
  
  And I'm still nervous about the name.
  
  
• On the bright side of life, Intel (INTC) is trading okay, considering. And Mrs. Lincoln reportedly very much enjoyed the first 2 acts of Our American Cousin.