You really are dense. The "trapped" side of the trade all week were longs. If you care to remember, the consensus was that the debt deal was going to be a non event for days and weeks leading up to it. Even your own poll is something like 75 to 13 with regards to the percentage move up vs down. People vote that way because they are already positioned in that direction. The hate on Zero Hedge always makes me laugh. It's always painted with this broad brush of "doom and gloom" and perma-bearishness. On the contrary, the collection of writers have long been bullish on precious metals and commodities, which has been the smarter way to play this fiasco to begin with.
More to the point, we need to do everything possible to move AWAY from an asset economy and back towards something a bit more sane. The fact that goosing the stock market is a policy tool to incite consumer confidence says it all.
I'm not sure who is more insane, you or Jack Hershey. Either way, any "clients" of yours should run fast.
read unbiased factual news wires without a political bent. ie bloomberg or AP news. figure it out on ur own vs. being passively fed a pile of misinterpreted & subverted grade A shit from the likes of durden, and o'reilly
Well pegged it so far--- Open 1306, H 1308.75 , L 1301.75 Sunday's open represents the street's opinion where we will open Monday IF THE BILL PASSES. If we don't it's 30 points to the low of Friday and if we pass it's 30 points to the high from the close. Just guessing.
It has been, and continues to be a nothing burger. Did VIX even crack 25? It was a foregone conclusion all along that this was political theatre and that a "deal" was going to happen before anything serious happened. We've been down this road before...
yes, 25.25 close. in fact in the last 12 months there were only two periods during which VIX went slightly higher than last Friday: during Japanese Chernobyl and in Aug 2010. The bottom line, VIX was VERY HIGH last week.