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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: stan_hughes who wrote (904)	9/10/2007 5:08:55 PM
From: Real Man	Read Replies (3) \| Respond to of 71427

I wouldn't buy calls at VIX 45. The market will remain in orderly decline then, with 500 LTCMs out there, ya think? VIX went to 150 in 1987 -g- The other thing about calls... If they are OOM, as VIX declines, they can lose value. "From October 19th to October 30th the VIX closed above 60 for the entire ten trading-day stretch, an unprecedented development never seen before or since. On a long-term VIX chart, this huge anomaly sticks out like a central banker at a rap concert. This mega-VIX spike was an incredible event that will go down forever in the annals of market legend." zealllc.com