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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?


To: MythMan who wrote (15995)1/15/1999 4:14:00 PM
From: yard_man  Read Replies (2) | Respond to of 86076
 
Aye, aye -- pass the brown bottles and full speed ahead ...



To: MythMan who wrote (15995)1/15/1999 4:17:00 PM
From: Cynic 2005  Read Replies (2) | Respond to of 86076
 
I will explain why the market did what it did today. -g- Here is why - too many people jumped on the short-wagon too quickly, including yours truly, who loaded-up on certain puts and sold a long position - GNSSF (which charged ahead today!)!

CBOE Market Stats for January 14, 1999

Put/Call Ratio: .70

VIX OPENING VALUE: 31.91
VIX HIGH VALUE : 36.79
VIX LOW VALUE : 31.33
VIX CLOSING VALUE: 34.74

EQUITY OPTION

TOTAL EQUITY CALL VOLUME : 530,967
TOTAL EQUITY PUT VOLUME : 284,284
TOTAL VOLUME : 815,251

------
Another reason is that Bob Brinker got cocky again about his 'right' call that market is headed for a 10% correction. I think he posts with a screen name Don Lane on the Brinker thread.



To: MythMan who wrote (15995)1/15/1999 4:36:00 PM
From: Mama Bear  Read Replies (2) | Respond to of 86076
 
The Titanic wasn't a supertanker, but it went up before it went down. That after they said it would never sink.

Barb



To: MythMan who wrote (15995)1/18/1999 3:21:00 PM
From: accountclosed  Read Replies (2) | Respond to of 86076
 
1/18 Brazil Moves to Shore Up Confidence as Real Slides More Than 25% in a Week
bloomberg.com tdiad

Brazilian Bovespa Index up 40% in two days, but currency down 25%. These would tend to offset, no? From the position of a foreign investor, I mean.