S2 Option Trader

[SyndicateTwo]

I think that article I posted might be on to something. If you look at the futures right now, the SPX is up 10 points. That's big. Why? The G20 meeting over the weekend left everyone agreeing they won't bitch about the falling dollar - or in other words, the dollar will fall more as evidence by the Euro right now trading almost at 1.41 with 1.40 being resistance. So, everyone is apparently buying stock futures assuming the market will rise as the dollar keeps falling.

But do you see a problem here? The SPX might trade to 1200 tomorrow, but based on what? The dollar falling? At probably $76ish tomorrow, or $1.41ish on the Euro-dollar, that's a pretty big low area. There's going to be a bigtime rebound coming. But why do this now? It's like Nas trading at 5100 in 2000.

Maybe because the Fed is trying to juice things enough to blunt the effects after they don't do QE on Nov 3rd?