Fred, you may well be right. I may well be wrong on the options effect. I don't think so though. As far as today being simple profit taking, I don't know that, I can't tell. It could be alot of things, so it could be either more, or less. 2 points I want to make.
1) When Willow Bay tells us the market was down because of investors worrying about Greenspeak next month or CPI next week or next month, how the hell does she KNOW that, could it be a SWAG? Does anyone know for sure, I've seen no exit polls.
2) Self Fullfilling Phrophecy. Whether that book is right wrong or indifferent, BW has covered it, we here certainly have. To what extent will it spook people into reducing their exposure to any possible effects, especially in light of the market not having corrected since Oct.
3) The market hasn't corrected since Oct, it's overdue, maybe we are seeing that in the weaker issues first.
Walt |
