>the general market, which is far less controlled by money managers/investors/traders
OK, now you have me in the mood to provoke ;-)
So. If managers/investors/traders don't control the
general market, who DOES?
>Seems we're finally at the capitulation stage
why do you say that? Looks like a pretty steady selloff
to me, just the inverse of 1998, when it kept rising
and nobody thought it could go higher than say 3300...
>just need a Fed easing catalist to really move us higher
Hmm - well, the market's already expecting another cut - and the past two were pretty drastic, taking back most of the recent series of rises.
But even so, the overwhelming expectation of CEOs is that
they'll face shrinkage instead of growth -
that's why they lay off huge percentages of their
workforces - if they were expecting growth they'd be
hiring... right?
Historically, when markets reach equilibrium after a
speculative mania, they become boring and orderly for
years afterwards - they don't immediately turn
around and rocket up. Personally, I hope for continued
volatility, up *and* down. But my guess is that
once April 15 -related selling is done, we'll see some
flat consolidation and low volume for the summer - which
makes selling puts a better play than buying calls...
MfN |
