Yeah, rally from off the 200ma extends into tomorrow, and then it all disappears next week!
Volatility will plummet with VIX below 14 and VXX below 39 before the next leg down.
Of course, all that can be rendered useless and irrelevant by any major political or geopolitical event.
thank you for your updates.....I appreciate your posts and please don' t give too much importance to da cheif's comments, everytime he posts his bullish bias about DB, it soon start to roll down. And still he feels free to attack other people's points of view. Keep up your posts, there are people here who appreciate them
Hear! Hear!
I keep forgetting da cheif's been ever bullish DB for its 30% sell down. That been a great call for an ever better bargain. It even looks worse than the down trend in the SPX.
And, by the way, take a gander at GS as it appears to be heading into 2008. Watch the sky -- that's a goose not flying, but diving by.
P.S. It must be said da cheif's been smart about a lot. For one thing, after Obama said "buy stock" right at the 666 bottom, he knew to listen and bought. I wonder if he ever thanked the former Prez for that tip. The trouble is now that Obama's gone, who is going tell when to sell?
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."