Stranger Than Fiction, Part 1
342 replies to this topic
Posted 24 July 2003 - 10:26 AM
VIX at 20. The indicators haven't been working of late, but 18 would be a sign of over-complacency.
Apparently, the lowest weekly initial claims since February confirms that the economic recovery is barreling forward. Amazing.
Posted 24 July 2003 - 10:27 AM
I'm watching it splode up too. Like a deer frozen in the headlights- can't long or short it. With this movement and an upgrade by JPM to overweight based on the "losings" it had and the forward losings, AMAT could run to 30 by their report. Mark is right.
Posted 24 July 2003 - 10:30 AM
Yes but I hedged with Q's yesterday.
Posted 24 July 2003 - 10:34 AM
Over-complacency? Who cares ...
"GOLD -- it's not just for misers anymore."
"Dollahs -- fire-starters for the K-wave winter." - Drano
"Three humps and a dump." - anotherone, 21 SEP 2004
"No gold was harmed in the making of this movie." - Bizarro Greenspan
[i]"Da Track. Da place where Morons bet on Animals Controlled by Criminals." - our jickiss
Posted 24 July 2003 - 10:40 AM
Today's NG injection was 83 bcf.
edited. The 75 number was someone's guess.
Posted 24 July 2003 - 10:45 AM
We have had a tick of 1321.
HUI just broke 160.
Posted 24 July 2003 - 10:47 AM
I'm just a noobie at this stuff but:
I see an all-time high of 113 on AMZN. Low since is 5.51.
113 - 5.51 = 107.49 * .382 = 41.06 (AMZN opened at 41.05).
107.49 * .50 = 53.745
That look right?
This thing must crap this afternoon or we got more pain in the future.
Paid off rest of my fiancees student loan...wrote nice 4,577 check yesterday. I can't get this crap straight so might as well put some money to real use. We're both officially debt free, aahh feels great.
Posted 24 July 2003 - 10:51 AM
Complacent about the overcomplacency
Posted 24 July 2003 - 10:52 AM
I along with many believe the s-p is ready to have
one of the biggest drops in HISTORY
Don't believe me? Go with the majority!
L O B
Posted 24 July 2003 - 10:53 AM
My guess is that the highs are in on the S&P. The Dow may well make a marginal new high. Then we collapse. As I've mentioned before, I'll be getting even shorter at the end of the month.
I think this could be the trade of the decade, quite frankly.
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