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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 46.83+9.4%Nov 5 4:00 PM EST

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To: Chip McVickar who wrote (33721)10/10/2008 6:43:58 PM
From: Real Man  Read Replies (2) of 206748
 
Nothing is manufactured. It's driven by the options market
that lacks liquidity. Expirations in this situation can be
very dangerous, and at VIX = 75 previous rules don't apply.
I would argue that a market crash, normally impossible,
now has a pretty high probability of occurring. We will
certainly see a lot of government action next week to
prevent that outcome, but it may be late, as options values
increased 10-30-fold.
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