SameerR

Wednesday's Options Recap

and that cash is sitting on the sidelines for a Reason..

doesnt have to be risked into the market, if it would have came in, they would have jumped on the opportunity immediately

from last october we'd had lower consecutive highs with each support hitting dow's 8000-or-so level and s&p's 800..eventually that floor WILL give, because of the fact of very unsustainable upside..

think about it

Wednesday's Options Recap

mruyog--

i believe you have this entire market wrong buddy..yeah--you may get multi-day rallies (which is not healthy given the high levels of short covering)--

but given the news flow of the recent 4-day rally we had on lighter consecutive volume--i believe you are buying into the media about how this entire plan was suppose to be the "cure-all"

if you dont remember--we are still in a BEAR market until all hope has been entirely washed out

the market is still expensive on a fundamental basis given PE and EPS and whatnot, and will be for some time til this mess gets sorted out, which is not overnight

if you have a long-term horizon such as 5 years--go ahead and buy, but i believe you are bottom-picking and can guarantee you will lose money short-intermediate term

as long as were getting drastic selloffs like yesterday, this market can not be trusted on the upside