I like the double top! Plus the 50 day moving avg break. Vixandmore is a great site. I posted about the VIX along w/ put action w/ optionmonster insight. www.distressedvolatili...
I cautiosly agree, with VIX possibly seeing a major correction, Libor rate declines possibly moving out longer term, as well as being at post '87 crash trend support levels (Dow 7.7k to 8k-ish) and tech bubble lows.. It's possible we could be rounding out some support soon, not saying we couldn't retest lows, but risk/reward looks better on the long side... *Unless of course there's a global economic/money flow melt down... You have to throw that one out there! -distressedvolatility
This Isn't a Bottom, It's a Disturbance in The Force [View article]
Once 3-month libor comes down when banks gain confidense, there will be so much liquidity worldwide that nobody will know what to do with it all! Look at OIL?? Wasn't that the main consumer & business squeeze, and responsible for all of this inflation.. Once all of the mutual fund / hedged fund forced selling is done, we're going to see the biggest rally in history.. With overnight LIBOR coming down, hopefully it feeds into longer term paper and will feed into the economy... Plus the VIX saw a sell off, so we're starting to see crowded shorts change their minds and possibly sellers getting back in.. Also the technicals are at tech bubble lows & post '87 crash 25 yr trend line..My 2 cents, we'll see what happens!!!! -distressedvolatility
Seeking the Fix That Will Finally Work [View article]
There's not really anything that can stop this train wreck accept immediate nationalization to allow credit to flow freely. I'm sure the Gov taking bank stakes is a start..Hopefully taking bank stakes and scooping up 3mo. paper will bring confidense back in the global credit mkts.. But a sever recession will not help one bit.. Libor needs to come down! distressedvolatility.c...
The Dow Jones Industrials just broke through a major 10,000 support level, which was created from the '94 and '02 lows. Jim is saying we could fall 20% from here and he could be right if we don't see a capitulation volume day with a reversal over 10,000. The post '87 crash to '94 bottoms, disregarding the tech bubble lows, brings us to 8,000 on the Dow, which is about 20% below today's levels. blog has jims video with 25yr chart trend.. crazy times.. distressedvolatility.c...
Bailout Bill Passes; What Happens Now? [View article]
AmericanEurope: Wow, great find w/ the NYT article. Predicted it exactly.. Can't subsidize bad risk in a free market. Anyway, this bailout will try to restore confidence in the credit mkts/ and now economy.. It's going to help all the people with money and income that can't get the frozen credit.. If they would just let go the short selling ban, maybe it could prop up the market but bring inflation.
Fear and Greed: Premise for Capitulation and Overreaction [View article]
"Einhorn at Greenlight and others at similar firms colluded in spreading rumors, lies and innuendo. This will be borne out by SEC investigations that will result in many of these liars going straight to the federal pen."
Wow, first off this guy has youtube videos making presentations to the public on why he's shorting stocks. I'm thinking the CEO's, CFO's Analysts and Assistant Analysts, Underwriting Staff at these banks should've applied more risk management in their models. These banks levered bets backed were all backed by a house of cards and illiquid insurance (swaps) backed by every other bank that was doing the same thing! It was a mess from the start, these public banks wouldn'tve done this if the owners/managers were playing with their own money don't you think.. I'm thinking hedge funds will just take over the role, and get big, merge and go public and the cycle will just happen again in 20 years. ???
the printing presses need some wd-40 fast! Trickle down has yet to come like the earlier poster stated. Plus the mkts will turn illiquid with nobody allowed to take the other side of a trade, and probably just delay and impending crash. -distressedvolatility....
Is Lehman going to be the last big institution to have it's assets dumped on the market at distressed levels?? That's the problem, I'd like to see a debt delevering index or create one to see the debt transfers for everything that's being reorganized at distressed levels.. I'd be convinced of a turn around once that type of chart bottoms out..
VIX Double Tops: Signaling Market Inflection Point? [View article]
The Crash of 2008 [View article]
This Isn't a Bottom, It's a Disturbance in The Force [View article]
This Isn't a Bottom, It's a Disturbance in The Force [View article]
-distressedvolatility
Seeking the Fix That Will Finally Work [View article]
Seeking the Fix That Will Finally Work [View article]
Dow 10,000: Does Anybody Care? [View article]
Bailout Bill Passes; What Happens Now? [View article]
What the Hedge Funds' Bad September Could Mean for Markets [View article]
Fear and Greed: Premise for Capitulation and Overreaction [View article]
Fear and Greed: Premise for Capitulation and Overreaction [View article]
Wow, first off this guy has youtube videos making presentations to the public on why he's shorting stocks. I'm thinking the CEO's, CFO's Analysts and Assistant Analysts, Underwriting Staff at these banks should've applied more risk management in their models. These banks levered bets backed were all backed by a house of cards and illiquid insurance (swaps) backed by every other bank that was doing the same thing! It was a mess from the start, these public banks wouldn'tve done this if the owners/managers were playing with their own money don't you think.. I'm thinking hedge funds will just take over the role, and get big, merge and go public and the cycle will just happen again in 20 years. ???
This Is Not "the Big One" [View article]
Fearfully Fascinating Financials: Is the U.S. Financial System Leaving the Building? [View article]
Get Ready For the S&P 500 to Break Below 1200 [View article]
Expect the Real Rally by Mid-2009 [View article]
distressedvolatility.c...