J Mintzmyer: Interesting.. Doesn't make a whole lot of sense with the debt limit and Europe still meandering.. I personally am more nervous than in 2010.
Jan 5, 7:20 PM
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J Mintzmyer: My nervousness is primarily on market strength, but with the bond market in a low-yield bubble, not sure $SPY is comparatively 'high.'
Jan 5, 7:23 PM
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Christopher Wallace: I share your nervousness. I think there is still much to be resolved on how much spending will be cut and 2 months is not a long time.
Jan 5, 8:51 PM
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Christopher Wallace: I still cannot fathom how the market cheered the Cliff resolution so much.
Jan 5, 8:51 PM
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pete123: compromise reached. all clear until march (when debt ceiling comes)
Jan 6, 4:09 PM
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pete123: therefore, no more need for protective options until march. short term options get dumped. vix goes down.
