S&P has topped for 2006

LOl. Cool Satch. Pabst is resting in peace. He's still short though and about to get a lot shorter....

 

I didn't say anything about the VIX..

 

this chart looks to be going higher to me.

 

only a bozo would call a top before it has some formation.

and if its sooo "after the fact", why are the Dec 1390 calls trading in double digits?

 

which bodes well for your prediction...

 

The VIX will not see 1,390 in 2006.

 

You very well may be correct. The indicators I use are always a "little late" to call the exact top, but soon enough to get out before a major fall. Right now they don't agree with you. When and if they do, I will post here.

 

That never stopped you before when you called tops at 1180 and 1240. But I did not expect anything less from you than to call a top at 1390 when the market is at 1367.

 

economic numbers today didnt look so good. market now below 12k. Think many will wait for tomorrows job numbers before investing any new money into this market. IF we trade back back in the green today I will be suprised. Any weak job numbers and this market is going to drop hard tomorrow especially if we get what we got last month, which was around 50,000.

 

RTH down a $1.40, doesnt look good for retailers.