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To: LBstocks who wrote (9511)	3/28/2000 3:41:00 PM
From: Jim Willie CB	Respond to of 35685

a serious error in this Barrons latest issue on VIX I almost wrote a letter to the editor for this egregious error but I didnt when I read it over weekend VIX is a "CONTRARY INDICATOR" for option put premium on S&P index contracts author Erin probably wasnt aware VIX is based upon "PUTS" here is the quote in error: When the VIX, as it's known, rises, speculation has reached a fever pitch, and the market is due for correction. When it falls, panic has subsided, and the market tends to rally. She got it backwards... when VIX peaks, it marks the end of the emotion-ridden panicky selling, and the upside rally ensues... when it falls, complacency builds prior to a selloff bring back Randall Forsythe... I loved him for three years by the way, look into the Corned Beef August Future contracts on CBOE looking very enticing right about now upside breakout imminent you heard it here first, aspiring jackasses / Jim Willie