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Strategies & Market Trends : Complacency Indexes -- Ignore unavailable to you. Want to Upgrade?


To: Baldur Fjvlnisson who wrote (718)3/13/2002 10:12:22 AM
From: TechTrader42  Read Replies (3) | Respond to of 1487
 
Good stuff, Baldur. Thanks for posting it. However, I'm concerned that you're not buying into the new bull.

"The triple-witching expiration of options and futures is this Friday. And it is this quarterly event that has been causing the explosive rise in stock prices, as a wasp-nest of schemes involving puts and calls and futures have been bought and sold against various stocks and baskets of stocks, derivatives being created wholesale left and right.

"But this is how money is transferred to the savvy from idiots. It is the same when a used-car salesman sidles up to you and tells you not to worry about whether you are getting a fair deal. "Trust me!" is the set-up to stick it to you good and hard. Ugh."