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Since the market is a reflection of mob psychology, the chances of a self-fulfilling prophecy are pretty good. ;)

Video aside, just knowing there was a 20%+ move last month suggests a pullback of some noticeable degree sometime soon. Add in the s/r levels and the SPX heading "back into the box" at a 68% fib retrace (as shown in the video) only futher tells me to be prepared for a drop sometime soon...

I'm long AUD/JPY as of this morning, FWIW.

Sorry - I meant the dividend you collect should be more than the commissions associated with the trade so that even after those costs the dividend gives you an acceptable profit. Not the option premium.... I mis-spoke. :(

Not worried about the taxman -- but as to the CC strategy would you go DITM or WDITM?[1] Would you base your short strike on the delta of the option or something else? Obviously the premium collected needs to offset both the decline in the underlying and any commissions on the trade to be an...

Effective today, according to MediaBistro http://www.mediabistro.com/tvnewser/cnbc/ratigan_update_off_the_air_112600.asp?c=rss

Yeah I can see that - but in those cases, I've turned down enticing jobs because when folks ask that question for a CSO-level job, they're really looking for a showpiece to say "look, we must be secure because we have a certified dude in charge of things!" -- that to me suggest inside the box...

For every 1 show where Ratigan was calm, composed, coherent, and I found myself saying "well done!" in his interviews and/or comments, there were 30 more where I ended up turning it off because he'd ask a question and then never let the interviewee/panelist respond before chiming in, talking...

There are ways of "capturing" dividends using DITM options but I've never tried it -- just seemed like too many moving parts to me. I might try it if there was some major special dividend, though. But regularly? Too much work.

I am. Worked, presented, and published in the INFOSEC/IA/IO/IW field since 1992. I refuse to hold any infosec certification since I don't believe in them. How's that for a very generalized starter? :)

I'm sure he means well, but the past yeear I've gotten totally fed up with Cramer's permabull attitude. Sector up for a few days? buybuybuy! Stock up big for a day on no news? buybuybuy! Some financials (or other stocks) may be a good LONG LONG term buy (ie, 5-15 yrs) for capital...

The Geither event/news may not have been on a 'calendar' per se but everyone knew it was coming today (they announced it on Friday I think) and over the weekend you could find lots out about it @ Bloomberg, NYT, WashPo, etc. Definately check the calendars for major news reports, earnings...

Interestingly TSCM is offering a "Chairman's Circle" service offering for $5000 a year (IIRC) that is kind of like Real Money Silver on steroids....looks like everything they offer. Not sure when this was rolled out, but as a Real Money subsciber (regular, not Silver) I hadn't noticed it...

Ref point 2 - yes, always have "marketplace situational awareness" before entering a trade. Very good point. Do I use a catastrophic stop loss, yes - always. Regular old stop loss? Not unless I will be away from my desk when in a trade. But on days where you expect news to REALLY move...

Yes -- because I never trade fx on Fed days. :)

more @ http://fixcnbc.com/ Note: I signed the petition but am not affiliated with the site. Will it make a difference to the network? Probably not. But at least we can be heard.

Damn. It figures -- now that the major HF collapse is over, they come out with this. How typical....last year just as the commodity bubble was bursting, UBS came out with long-only retail-oriented notes tied commodity indices. Those went nowhere but down, down, down. Wish this was around...

Been in Crystal City since 1995 and love the area. Almost moved to Reston (Fairfax) during the dot com boom but am so glad I didn't....traffic would have sucked and property taxes out there were out of control. I have a 2BR condo in Arlington with a drop-dead gorgeous view of the DC skyline...

No word yet on where/how they trade, but I suspect you'll need rahter deep pockets to do so -- or that they'll be available only to institutions. That said, my first response was to say go trade BAC, C, MS, GS, XLF, AIG as a proxy for CDS. :)

Could be a person with $100 to spend on the market....Granny Smith or a college kid. Why should we care?