"FV" ~902 "NFV" ~1103 Strange. Normally these move in sync... EDIT: I had an error in the computation. The above numbers are correct now.
The above numbers are the first time that I can remember where the market went in a different direction than my "NFV" number. Hmmmm....It could be because it is the day after an opts expiration. Not sure...
Odds of an 1100 SPX close today? that would create the greatest doubt over the weekend, but I haven't seen this sort of psychology in I don't know, at least nine months....
I am beginning to have doubts that Bernanke may be reelected. I think there is a good 40 delta now of no. I honestly don't know what is right to do from here on in regarding IRs. It seems criminal to raise IRs with 10% +++ unemployment, but seriously, I don't see zero IRs helping anyone but corporations that are not hiring. I don't know how much longer people can wait for failed policies.