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RCKS

03/18/09 2:11 PM

#142728 RE: rimshot #142723

smilinghiker
Nice to see you posting.
I don't know if you follow the VIX at all but it looks like it is trying to cough up a hair ball (the hair ball being the fear premium) and can't quite get it done. By that I mean, it is not acting like we have started a new bull run and it continues to price in a healthy level of fear even if P/C says otherwise.
The spx big contracts P/C Ratio sits at 1.25 as of last night, I can't fathom it being that low but it is.

http://cboe.com/data/mktstat3.aspx

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ajtj99

03/18/09 2:14 PM

#142729 RE: rimshot #142723

We could spike up to that 778.9 SPX on the Fed release.