wahz, to give the "put buyer massacre" alert, you must now be thinking we've got more than a one day or 60 point rise in store...or am I reading too much into your optimism?
Wahz, look at the p/c ratio. After yesterday's nearly 0.9 equities, today it is back to about 0.5 or so. I flipped to calls yesterday with the same logic you have, but I am rethinking it now. I sure hope w has something nicey nicey to say this afternoon, or it'll cost me.
The only way we can rise any higher will be aggressive manipulation of the market by the Saud family that is the real power behind our Federal Reserve, the Fhaart brothers. As you now, they are the real leaders of the plunge protection team.
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