The S&P has extended its gains to 2% for the day with no signs of letting up - I have a couple winners but more losers - when the S&P got to 666 we were pretty long and taking a lot of heat - I was very uncomfortable in my chair exactly how I feel right now - the greed being exhibited feels like the polar opposite of the fear back in March. At this point I feel like looking for a selloff is like looking for the boogeyman - you just arent gonna find him.
Its getting to the point where if you start buying cheapy puts you wont get dinged to badly I like the SPG sep 55 puts for a buck or so...
It certainly feels like this is a close on the toptick kind of day but you never know _ at least I dont.
JB
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Good stuff but hard to believe the strength of the market bid.
ReplyDeleteI just emailed you something as a trial.
pnb-aka-d
It is tremendous - tremendous
ReplyDeletethx for the comment