LOL: interesting day on the street today…

[CA renter]

[quote=scaredycat]i dont know anything, but volatility has been way way down over a lengthy period of time. one substantial jump doesnt erase the longterm volatility decrease. it’s justa bet that things are going to get nutty shortly. impossible to time of course, but today was a little odd to say the least.

so if there were an aberrant 10% leap up, would there be a call for an investigation? Or would officials be cheering the recovery? i don’t see why selling is panicked but buying is a sign of health. it’s not just computers, right? someone is betting actual money on their computers. let them get wiped out. the market is so ridiculous it’s difficult to see how it can be taken as a serious place to invest money. let me get this straight. machines with programs know what to do–they’re so smart companies will bet billions that they can trade just right and make lots of dough.. people finance the machines to do their thinking for them because the machines are so smart. except sometimes they jump off a cliff. that’s “not real”, that should be a do-over or something? but if they buy in sucha way that everything keeps increasing, that’s good.

this is so retarded that i am having difficulty even pondering this.[/quote]

Love this post, scaredy.

[scaredyclassic]

maybe just hold on to some gold until they figure out how much these stock thingies are actually worth according to actual humans paying for them versus computers pretending to say how much they’re worth and then the effing nasdaq cancelling the trades if they don’t liek the results. Let someone try to cancel out a gold coin in your hand and a .45 in your other.

i don
t mean to get all hanna barbarian on y’all, but this is an effing scam!

[scaredyclassic]

maybe just hold on to some gold until they figure out how much these stock thingies are actually worth according to actual humans paying for them versus computers pretending to say how much they’re worth and then the effing nasdaq cancelling the trades if they don’t liek the results. Let someone try to cancel out a gold coin in your hand and a .45 in your other.

i don
t mean to get all hanna barbarian on y’all, but this is an effing scam!

[scaredyclassic]

maybe just hold on to some gold until they figure out how much these stock thingies are actually worth according to actual humans paying for them versus computers pretending to say how much they’re worth and then the effing nasdaq cancelling the trades if they don’t liek the results. Let someone try to cancel out a gold coin in your hand and a .45 in your other.

i don
t mean to get all hanna barbarian on y’all, but this is an effing scam!

[scaredyclassic]

maybe just hold on to some gold until they figure out how much these stock thingies are actually worth according to actual humans paying for them versus computers pretending to say how much they’re worth and then the effing nasdaq cancelling the trades if they don’t liek the results. Let someone try to cancel out a gold coin in your hand and a .45 in your other.

i don
t mean to get all hanna barbarian on y’all, but this is an effing scam!

[scaredyclassic]

maybe just hold on to some gold until they figure out how much these stock thingies are actually worth according to actual humans paying for them versus computers pretending to say how much they’re worth and then the effing nasdaq cancelling the trades if they don’t liek the results. Let someone try to cancel out a gold coin in your hand and a .45 in your other.

i don
t mean to get all hanna barbarian on y’all, but this is an effing scam!

[stockstradr]

“any thoughts on VXX going forward?”

My record in the market this year sucks, so take my opinions with a grain of salt. Anyway…

Back in mid-April the VIX was sitting at fifteen and change, looking like a lake of still, calm water of steady-as-she-goes S&P500 sailing up and over 1200.

I figured that was a good time to add to my put options position, betting volatility was coming and the S&P500 was due for a pullback. Occasionally I guess right

Mid-April would also have been a good time to buy VXX. It was then about 18; yet, just two weeks later – today it closed over 26. And we got the VIX cresting over 40, then closing at 32.80.

The water on the lake doesn’t get much rougher than we saw it today.

At least on this round, I think you’re late to the Ball Game to be making a play on the increasing volatility.

My gut instinct (= a GUESS) is that the fool’s rally now shows it still has legs to take the S&P500 back above 1200, with volatility probably decreasing.

And so I find myself unwilling to bet the next six months show us markets falling significantly below today’s lows.

But I find myself COMPELLED to bet that sometime during the next 24 (or 36) months, we’ll see markets go way below today’s lows, as in 20%, or 30%, or more. That’s why I like the leap put options on the indexes with expiration out to at least late 2011. But those got A LOT more expensive during the last week!

So we sit tight. We hope our guess is right, that the resuming fool’s rally (roughly to 1200) will shake out volatility, shake down the prices of these options.

Then we’ll load up on put options again, and maybe VXX also. I’m GUESSING that might be late this year or early 2011.

My basic view is that we don’t – yet – have the return of unending waves of really bad news coming at us relentlessly, not yet at least. But down in the bowels of the broken world economy there is some nasty stuff brewing. The Fat Lady hasn’t pooped her final big brown stinker yet (second leg down in the W-shaped recession/depression), but she’s got it cooking.

[stockstradr]

“any thoughts on VXX going forward?”

My record in the market this year sucks, so take my opinions with a grain of salt. Anyway…

Back in mid-April the VIX was sitting at fifteen and change, looking like a lake of still, calm water of steady-as-she-goes S&P500 sailing up and over 1200.

I figured that was a good time to add to my put options position, betting volatility was coming and the S&P500 was due for a pullback. Occasionally I guess right

Mid-April would also have been a good time to buy VXX. It was then about 18; yet, just two weeks later – today it closed over 26. And we got the VIX cresting over 40, then closing at 32.80.

The water on the lake doesn’t get much rougher than we saw it today.

At least on this round, I think you’re late to the Ball Game to be making a play on the increasing volatility.

My gut instinct (= a GUESS) is that the fool’s rally now shows it still has legs to take the S&P500 back above 1200, with volatility probably decreasing.

And so I find myself unwilling to bet the next six months show us markets falling significantly below today’s lows.

But I find myself COMPELLED to bet that sometime during the next 24 (or 36) months, we’ll see markets go way below today’s lows, as in 20%, or 30%, or more. That’s why I like the leap put options on the indexes with expiration out to at least late 2011. But those got A LOT more expensive during the last week!

So we sit tight. We hope our guess is right, that the resuming fool’s rally (roughly to 1200) will shake out volatility, shake down the prices of these options.

Then we’ll load up on put options again, and maybe VXX also. I’m GUESSING that might be late this year or early 2011.

My basic view is that we don’t – yet – have the return of unending waves of really bad news coming at us relentlessly, not yet at least. But down in the bowels of the broken world economy there is some nasty stuff brewing. The Fat Lady hasn’t pooped her final big brown stinker yet (second leg down in the W-shaped recession/depression), but she’s got it cooking.

[stockstradr]

“any thoughts on VXX going forward?”

My record in the market this year sucks, so take my opinions with a grain of salt. Anyway…

Back in mid-April the VIX was sitting at fifteen and change, looking like a lake of still, calm water of steady-as-she-goes S&P500 sailing up and over 1200.

I figured that was a good time to add to my put options position, betting volatility was coming and the S&P500 was due for a pullback. Occasionally I guess right

Mid-April would also have been a good time to buy VXX. It was then about 18; yet, just two weeks later – today it closed over 26. And we got the VIX cresting over 40, then closing at 32.80.

The water on the lake doesn’t get much rougher than we saw it today.

At least on this round, I think you’re late to the Ball Game to be making a play on the increasing volatility.

My gut instinct (= a GUESS) is that the fool’s rally now shows it still has legs to take the S&P500 back above 1200, with volatility probably decreasing.

And so I find myself unwilling to bet the next six months show us markets falling significantly below today’s lows.

But I find myself COMPELLED to bet that sometime during the next 24 (or 36) months, we’ll see markets go way below today’s lows, as in 20%, or 30%, or more. That’s why I like the leap put options on the indexes with expiration out to at least late 2011. But those got A LOT more expensive during the last week!

So we sit tight. We hope our guess is right, that the resuming fool’s rally (roughly to 1200) will shake out volatility, shake down the prices of these options.

Then we’ll load up on put options again, and maybe VXX also. I’m GUESSING that might be late this year or early 2011.

My basic view is that we don’t – yet – have the return of unending waves of really bad news coming at us relentlessly, not yet at least. But down in the bowels of the broken world economy there is some nasty stuff brewing. The Fat Lady hasn’t pooped her final big brown stinker yet (second leg down in the W-shaped recession/depression), but she’s got it cooking.

[stockstradr]

“any thoughts on VXX going forward?”

My record in the market this year sucks, so take my opinions with a grain of salt. Anyway…

Back in mid-April the VIX was sitting at fifteen and change, looking like a lake of still, calm water of steady-as-she-goes S&P500 sailing up and over 1200.

I figured that was a good time to add to my put options position, betting volatility was coming and the S&P500 was due for a pullback. Occasionally I guess right

Mid-April would also have been a good time to buy VXX. It was then about 18; yet, just two weeks later – today it closed over 26. And we got the VIX cresting over 40, then closing at 32.80.

The water on the lake doesn’t get much rougher than we saw it today.

At least on this round, I think you’re late to the Ball Game to be making a play on the increasing volatility.

My gut instinct (= a GUESS) is that the fool’s rally now shows it still has legs to take the S&P500 back above 1200, with volatility probably decreasing.

And so I find myself unwilling to bet the next six months show us markets falling significantly below today’s lows.

But I find myself COMPELLED to bet that sometime during the next 24 (or 36) months, we’ll see markets go way below today’s lows, as in 20%, or 30%, or more. That’s why I like the leap put options on the indexes with expiration out to at least late 2011. But those got A LOT more expensive during the last week!

So we sit tight. We hope our guess is right, that the resuming fool’s rally (roughly to 1200) will shake out volatility, shake down the prices of these options.

Then we’ll load up on put options again, and maybe VXX also. I’m GUESSING that might be late this year or early 2011.

My basic view is that we don’t – yet – have the return of unending waves of really bad news coming at us relentlessly, not yet at least. But down in the bowels of the broken world economy there is some nasty stuff brewing. The Fat Lady hasn’t pooped her final big brown stinker yet (second leg down in the W-shaped recession/depression), but she’s got it cooking.

[stockstradr]

“any thoughts on VXX going forward?”

My record in the market this year sucks, so take my opinions with a grain of salt. Anyway…

Back in mid-April the VIX was sitting at fifteen and change, looking like a lake of still, calm water of steady-as-she-goes S&P500 sailing up and over 1200.

I figured that was a good time to add to my put options position, betting volatility was coming and the S&P500 was due for a pullback. Occasionally I guess right

Mid-April would also have been a good time to buy VXX. It was then about 18; yet, just two weeks later – today it closed over 26. And we got the VIX cresting over 40, then closing at 32.80.

The water on the lake doesn’t get much rougher than we saw it today.

At least on this round, I think you’re late to the Ball Game to be making a play on the increasing volatility.

My gut instinct (= a GUESS) is that the fool’s rally now shows it still has legs to take the S&P500 back above 1200, with volatility probably decreasing.

And so I find myself unwilling to bet the next six months show us markets falling significantly below today’s lows.

But I find myself COMPELLED to bet that sometime during the next 24 (or 36) months, we’ll see markets go way below today’s lows, as in 20%, or 30%, or more. That’s why I like the leap put options on the indexes with expiration out to at least late 2011. But those got A LOT more expensive during the last week!

So we sit tight. We hope our guess is right, that the resuming fool’s rally (roughly to 1200) will shake out volatility, shake down the prices of these options.

Then we’ll load up on put options again, and maybe VXX also. I’m GUESSING that might be late this year or early 2011.

My basic view is that we don’t – yet – have the return of unending waves of really bad news coming at us relentlessly, not yet at least. But down in the bowels of the broken world economy there is some nasty stuff brewing. The Fat Lady hasn’t pooped her final big brown stinker yet (second leg down in the W-shaped recession/depression), but she’s got it cooking.

[ucodegen]

Double check those orders you are hoping got made during the crash…. Looks like they are now talking about cancelling trades that happened during the worst of the crash.

And they consider themselves sophisticated investors.. I don’t get to ‘unwind’ a bad trade, or a bad decision on the market. Neither should they.

[ucodegen]

Double check those orders you are hoping got made during the crash…. Looks like they are now talking about cancelling trades that happened during the worst of the crash.

And they consider themselves sophisticated investors.. I don’t get to ‘unwind’ a bad trade, or a bad decision on the market. Neither should they.

[ucodegen]

Double check those orders you are hoping got made during the crash…. Looks like they are now talking about cancelling trades that happened during the worst of the crash.

And they consider themselves sophisticated investors.. I don’t get to ‘unwind’ a bad trade, or a bad decision on the market. Neither should they.

[ucodegen]

Double check those orders you are hoping got made during the crash…. Looks like they are now talking about cancelling trades that happened during the worst of the crash.

And they consider themselves sophisticated investors.. I don’t get to ‘unwind’ a bad trade, or a bad decision on the market. Neither should they.

[Author]

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