Replies to post #43922 on Langlui's Big Board and Options Plays

[glassy]

PPT? whazzat?

[hlniv]

Hmmm... let's look at decay in a very generic way-

60 to 200 in 11/08 = +233% faz = -45% no lev bull
200 to 33 = -83% faz to early Jan/09 = +50% no lev bull
33 to 90 = +173% faz to mid feb = -27% no lev bull
90 to 40 = -55% faz = +20% no lev bull
40 to 110 = +175% faz = -39%% no lev bull
110 to 4.20 = -96% faz = 100% no lev bull

$1000 goes to $74 FAZ ; $1000 goes to $900 no lev bull, look at the chart, % don't add up, it all compounds and decomposes

Either way it's a losing battle <hint, hint>
Assuming FAZ goes to $10 and gets 84% here, the financial bull market would need to lose 28%, which would put it at 433, which occurred approx 4 days after the march 9 bottom.

FAZ to $10, means we test new broad market lows. I don't think that would be good. If FAZ gets to 8, we're all in for another fast ride down, which I don't think will happen.

[stock2windaily]

Check out ETFC

MARKET TALK: Worst Is Behind E*Trade, FBR SaysLast update: 6/23/2009 7:37:29 AM

Edited by John Shipman
Of DOW JONES NEWSWIRES

(call: 212 416 2181; e-mail:[e-mail])

MARKET TALK can be found using N/DJMT
Visit the Market Talk blog at www.djnmarkettalk.com.

7:37 (Dow Jones) FBR upgrades E*Trade (ETFC) to outperform from underperform "to reflect what we view as a more attractive risk/reward following the recent capital raise and commencement of its debt exchange offer yesterday," firm says. FBR still expects ETFC's mortgage-related losses "to remain elevated," but "we believe the worst is now behind E*Trade, as the nearly $2 billion of fresh equity capital at the company should alleviate regulators' concerns and take the worst-case scenario off the table." Firm thinks "patient investors will be rewarded for stepping into ETFC at current levels." Shares up 7.6% premarket at $1.28. (JHS) 7:30 (Dow Jones) No time to dwell on yesterday's big selloff, the trick today is how investors respond to the downdraft. Is there enough conviction left in the 2H recovery theory to bring out dip-buyers? US stocks closed near session lows, hinting at some carryover selling once trading gets underway. Premarket futures suggest a half-hearted attempt at a bounce at the open. Two-day FOMC meeting gets underway today. May existing home sales, Richmond Fed's June manufacturing index set for 10:00am. S&P futures up 2.60; 10-yr a shade lower, yield at 3.70%. (JHS)

[youroldfriendj]

I'm loading up ANPI as much as I can for some HUGE news...don't miss it...