>>>Well, I have to say, all this euphoria is too much for me<<<
dennis, the real euphoria was last spring when everybody was screaming, new economy and new valuation metrics, you were jumpin out of your skin bullish, and jerry was saying the nas would double the dow in a year or two -g-
i doubt that set of cirmcumstances will occur again for a long time, but who knows, maybe they'll come up with a new biometric valuation metric -g=
we are just coming off a major leg down that held support and everybody was still pretty bearish last week.
Message 14174743
put/calls were .51 today, not at an extreme, if the market wants to it could act real positive to csco earnings and you could see all the networkers blow-off, thats why i think you should be playing sunw short with pocket change, it's a real toss-up how the market will handle the earnings.
i gave a bunch of short sell reco's on this thread on july 19, thats when we just turned down off a euphoric top - put/calls and rydex -, thats when you shudda been shorting, all of those were home run trades.
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