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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (67349)	11/14/2003 12:47:47 PM
From: Real Man	Read Replies (3) \| Respond to of 94695

Me too. That's why now I'm getting very long-dated puts. When we finally tank, these will go up exponentially on higher VIX. I think longer dated puts are actually much better than short-dated ones. Time premium does not evaporate, it may even increase.

To: William H Huebl who wrote (67349)	11/14/2003 12:55:25 PM
From: Real Man	Read Replies (3) \| Respond to of 94695

The market moves have been very sharp. Bonds and stocks react directly to Fed stimulus, such as repos (see the last few days - a coupon pass, then a bunch of long-term and short-term repos). So, bonds are correlated with stocks now, that's new. And, bonds and stocks recently are moving opposite to the dollar. That's something new, too. I don't think this can last too long. But the fact that stock and bond movement is now correlated is interesting - are they preparing to take a plunge together? -g- Now, look at gold - it's licking 400 level.