Jim, asking people if they are stupid enough to take the other side of your bet? Maybe a challenge, suggesting that they don't have the brass to take the bet or something like that, but "I'll bet anyone stupid enough..." isn't likely to find any takers. Then, perhaps that was intentional. Perhaps you don't have the brass either. Anyway, I can get better odds in the options market. Why take even odds from you on the next 500 point move (acctually 450:550 in your favor) when I could multiply my money several times over in options if I am right? So, no thanks.
I will make a gentlemen's bet with you though, but to even it up some, how about 8050 vs. 9050? The stakes are simply bragging rights unless we ever meet, in which case the WINNER buys the drinks (he'll be able to afford the best).
BTW, do ya' think that the options guy you quote from the Reuters article might have any reason to spin the news based on his own views (or positions)? I submit that he is full of crap if he thinks a one day reading in the VIX of 32 spells panic. Besides, the VIX yesterday ended at 30.88 not 32.13 and fell back today to Friday's levels. Panic? What panic? A reading of 55 last October - now that was a decent panic. Give me a reading of 40 at least - it's been over 30 too many times to call that panic. Hell, in '87 it went over 100. quote.yahoo.com^VIX&d=my
Regards,
Bob |
