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


To: LTK007 who wrote (11640)9/23/2008 1:50:35 PM
From: ggersh  Read Replies (3) | Respond to of 71456
 
Max mkt crashes and it doesn't matter where VIX goes, believe it once hit 150...IMHO

A good one for you, a friend in January 94 bot 10,000 pounds worth of Bund puts....within one month they were worth 2,000,000 pounds, don't know what the volatility was but I'm sure it was through the roof....

In times of excess markets over reach, that is their history and keep it in the back of your mind.....hope this explains my not being keen on where the Vix is or goes....

ggersh

BTW missed most of the testimony, anything good?