Edited by iron cross, 27 February 2009 - 10:26 AM.
hate to keep beating the drum butttttttt
Started by
atlasshrugged
, Feb 27 2009 10:25 AM
1 reply to this topic
#1
atlasshrugged
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Posted 27 February 2009 - 10:25 AM
NOOOOO BOTTTTOMMMMMM
#2
SilentOne
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Posted 27 February 2009 - 10:40 AM
OK, I'll bite.
The low P/C ratio is a paradox at these new lows, and maybe that is what will lead to much lower prices. But how many puts are you buying here? How much hedging do you want to do at $SPX 725, 700 or at lower prices? Maybe this leads to a slow drip grind down to lower levels, but that must become the issue here now. Are you loaded with puts here? Everyone covers shorts at a new daily low and goes home. So yes complacency, but what are you expecting? I'll just sit back and watch thank you very much.
cheers
john
Edited by SilentOne, 27 February 2009 - 10:43 AM.
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
