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Strategies & Market Trends : Longer-Term Market Trends
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To: AllansAlias who wrote (2077)2/6/2009 7:13:23 PM
From: Perspective  Read Replies (1) of 3209
 
OK, Kimosabe, have a look at this and tell me what you're thinking:



Tell ya what I'm thinking: amazing complacency. Guys are actually buying calls like crazy, thinking they're gonna catch the ride back up, in the face of the bear of the century.

Smacks of "C of IV" to me. In day 55 by my count. I can't help but start selling into this, but I guess it could carry up to the SPX1000 level, or at least the prior high at SPX940.

NDX already at a 13-week closing high. That represents a decent risk/reward for shorting in a secular bear if you ask me. I built a little exposure this week; planning to hedge some of it, but probably not all.

`BC
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