market watch- while i have to be impressed by yesterdays martket action, and i think we are setting up for a great fall, and my oex puts got toasted yesterday, i still cant believe this is "the " move with the vix almost at 20 and oil over $31,plus new ipo's flooding the market, i can see 3 scenarios developing
1. we rally right up to fed meeting then sell on news
2. cpi is hotter than expected and we have violent selloff
setting us up for fomc rally
3. this bull is just too strong to hold off and dow leads
onward and upward, nazdaq catches the fever, and we see
major market runnup much like last december
i think #1 and #2 are most likely, but at this point, you have to do whatever the market tells you, in the abscense of any major news, this market wants to go up, i just cant bring myself to trust it--yet |
