The thing is, October 2nd and being a Monday, it's impossible to get a crash. It will be too coincidence. Black Monday, everybody will say. October black Monday. It's just like getting a crash on the 5th anniversary of 911 or some other date. Too coincidence, it can't be so exact and nice.
You'd think so but the market seems to ignore all these things. And the homogenized media coverage puts a positive spin on it all. Maybe 7 trillion would do it but maybe not even that. Hey it's only money. We can alway print some more. It will be paid off eventually by our children's, children's, children's, children......unless we add to this with Iran which of course will happen too. And it's only human lives but not ones we care that much about. Some poor people who have enlisted in the serivce and some Muslims. Hey Halliburton has made out great so it's been well worth it. The beat goes on.
Sure don't see any sensible signs of a market crash here: http://news.yahoo.com/s/nm/20060929...Wctno.b.HQA;_ylu=X3oDMTA3MXN1bHE0BHNlYwN0bWE- http://news.yahoo.com/s/afp/2006100...Rgmu8KoOrgF;_ylu=X3oDMTA3MXN1bHE0BHNlYwN0bWE- http://news.yahoo.com/s/cpress/2006...1pc2asL1L0F;_ylu=X3oDMTA3MXN1bHE0BHNlYwN0bWE-
agreed - with 90%+ of ET calling for a crash/correction/fire-and-brimstone I fully expect the market to creep higher.... If I have learned nothing else over the past 18 months it is that ET sentiment is a contrarian indicator. Good luck shorts. Regards, -the man you sold to. (aka. krazy)
Agree they'll cool their heels until after the election. They don't want to stir it up now. Maybe Kissenger will become co-sec of defense with Rumsfeld. "It's Iraq, Iraq, Iraq," White House Chief of Staff Andrew H. Card Jr. had told his replacement, Joshua B. Bolten. "Then comes the economy."
Does anyone know what the typical open interest has been lately for SPY puts? It's 102,619 for the Oct 130 strike. Is that high?