Dan Walker

Options Trader: Friday Outlook

Phil, you ought to be happy as a dead pig in the sunshine. They managed to get everyone short Friday before expiration, vix got within a hair of 30, it is all on their bullsh*t, there is no Dow support below the low for a 1000 points and Ben announced that Fannie/Freddie could borrow all they wanted at the discount window reallll-ly late Friday afternoon. What more do you want?

Looking Forward to Capitulation

PJ, both the economy AND the political situation DEMAND a crash. That is what it will take to flush out all the bad trades, bad traders, bad management, and sorry politicians who have perpetrated this nonsense on the American people for so long. I don't see it happening here, though. You are more or less on the right track about Asia. If the Fed had not pumped the economy so much the last 10 years, the transition would be so much smoother. Now we will have to feel some real pain while it happens. If you don't like this year, wait until next. The least of your worries will be consumer trends.

Looking Forward to Capitulation

"But the theme well is running dry, I’m in danger of repeating plots, stereotyping characters."

Sounds like you will be a natural at CNBC. Cheer up, odds are it will either turn or crater this week.

Nokia: Bargain of a Lifetime - Barron's

I am a bit cautious of any article which is predicated on the phrase "fears that the escalating cost of food (rice) in key emerging markets like China and India are overblown". Those rising costs are not done rising, yet.