Big-P

Will the SPX Stick Close to 900?

My money says we do the opposite, in fact, I'd expect the largest price swings of the entire year between tomorrow and the end of December.

The hedge fund managers, who have already been buried, have nothing to lose so they've already positioned themselves on the long-side. Unfortunately for them...they don't have the fire power they once had--because they've lost about 1/2 of their clients' money not to mention the fact that they're prime brokers have been reeling in their leverage.

The way I see it, these guys are out of tricks which means they're primed and ready for me to take them down a few floors.

Will the SPX Stick Close to 900?

Too much complacency boys. That dead VIX isn't a good sign and I'm going to have to get it jumping again tomorrow.

If any of you are traders as opposed to "commentors" you might do well to position yourselves on the short-side in front of two very specific periods of "selling pressure"I tomorrow.

Both time periods are listed on my BLOG but I'll list them here as well.

Expect some real nastiness into the 12:15 through 1:00 period (est) and again into 2:35 est. (today/12-11)