Blowing out the record books in a huge way with this indicator. If today keeps it up in the context of yesterday we are going to blow out the 5d MA, 10d MA and 21d MA records.
The next several weeks will be interesting indeed.
Wow--OEX P/C
Started by
Cirrus
, Feb 06 2007 11:51 AM
3 replies to this topic
#2
arbman
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Posted 06 February 2007 - 12:03 PM
USD is slipping again, the rates will have to stay elevated and it just hurts the long term outlook now...
- kisa
#3
Cirrus
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- TT Patron+
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Posted 06 February 2007 - 12:09 PM
What's even more unusual about OEX P/C is the timing. It's still almost 2 weeks until OPEX.
#4
arbman
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Posted 06 February 2007 - 12:57 PM
... and they are selling (meaning buying puts) almost everyday!
The long term bonds are rallying as I said a few days ago, if this long bond rally goes on, not only it will flatten the yield curve further, but also pressure the USD lower, quite crappy indeed for the US based assets or the equities.
I have actually seen similarities in many other currencies of the overly debted economies and they all ended up first with the currency crash and then a stock market crash. This happened in the US several times too, so buckle up, the ride is probably just beginning...
It is probably clear to everyone now that the stellar earnings growth and record cash flows were not enough to offset the growing public and private debt to prevent the weakening in the currency. This is perhaps still a secular bear market that manifested itself as a wide trading range so far, very interesting indeed...
- kisa
Edited by kisacik, 06 February 2007 - 01:00 PM.
