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

To: Oeconomicus who wrote (24110)	8/12/1998 11:57:00 PM
From: James F. Hopkins	Read Replies (3) \| Respond to of 94695

BOB; If I understand the VIX it's just a volatility indicator ? Even a lot of calls could run it up, but why he saw it as panic was the large amount of puts to calls. ( or that was my take on it ) He could be talking a position, but I doubt he would mistake the ratio. About the bet, I'm not a ragging Bull by any means, so I want the odds in my favor to start with. Mostly it's just stating in a challenging way that I don't see a crash. I think the crash predictors are full of it, I'll change my tune if she takes out 8000, till then they don't have a valid leg to stand on, no one can tell , but odds are 9000 will hit again before 8000, if I didn't have faith in that I'd be telling my sister and son and law to get out of their mutual funds. As it is they are not traders and I think an exit now would be a mistake for them. Jim