hey Mr Cutten, sounds like you've been around for a while, considering dothing cap, this fast move north is indicative of bearish price action, but its some almighty bounce for now anyways :-O
Trin hit 4.44....vix up to ?48 ... can't imagine sentiment any gloomier/fear any higher. IMHO, we rally hard on Wednesday when vote is passed.... Imagine market will go sideways tomorrow, if not drifting abit higher.
Perfect.....the banking system (meaning the financial resources for every business and consumer in the U.S.) is going down the toilet, and they're off to party and celebrate the Jewish New Year.
Many posts and chest pounding. Any long positions? I guess thatâs what separates Buffett from the boys.
It's almost as if the politicians realize that the situation with the true economy is not quite as frantic as they would like the public to believe. Hmmm...
Sure, i'm buying selectively. Have no idea when we will bottom. This looks like it's it until after the election assuming a bailout comes in a few days. I expect the S&P to eventually get down to the 800-850 level. But i'm buying some stuff, and have been happy to be selling puts anywhere with the vix above 30. Great opportunity here. Some of the things i like right now are the beaten down commodities, NHYDY, STO, AAUK, etc. and the bank stock UCBH. I also like selling FTO april puts when the underlying is below 18. In the main, i'm leaning toward non-US. Concerned about the dollar because of monetization of US debt. Obviously, i'm talking here from an intermediate to long term investment perspective, not short term trading. I only trade futures short term.
You give them far too much credit for knowing what's going on in the financial systems in this country. It'd be far more accurate to say they are ignorant of what's going on in the true economy (hiding behind the mantra of not wanting to help the fat cats on Wall Street, when in fact this credit crisis is affecting the financial foundation of the entire economy), so they feel they have time to dither and play in their partisan politics.