Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (81805)	10/11/2008 9:43:07 AM
From: Real Man	Read Replies (1) of 94695

Here is where we are again - uncharted waters... only 1987 is higher. VXO goes back to 87. Markets may have to stay closed next week. In 1987 the same dynamics crashed things, and that year was the birth of Fed management during expiration, which has led us to where we are today. The next day bounce was due to the PPT intervention, the birth of PPT. Now the system is 1000 times larger. It did get modified quite a bit, but at the core the risk of a large spike and huge selling due to illiquid derivative markets remains. We did reach above 100 on the VXO, only slightly below 1987 crash levels. The likely scenario? We really crash on Monday, this Monday, then they close the markets. Unfortunately. I hope I am wrong, and the derivative markets will continue to function properly and produce a rally.

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