Could be.
But the $440 TRILLION DOLLARS of notional Global Derivative exposure would dwarf that in a heartbeat. Just think of the 25% rate of growth in the assets of the hedge-fund community in just the last 10 years.
Believe it or not, $440 Trillion Dollars is 32 TIMES greater than the...
I would tend to agree with this.
But a solid understanding of how markets unfold during their advancing stages and their declining stages can give your trading "landscape" a bit of a "road-map".
The key is to understand just where you are in the forest, and what kinds of trees you are...
He obviously is having a difficult time transitioning to his retirement . . . seems to feel a need to "pop-off" with all sorts of speaking engagements.
Guess he doesn't fish or play golf.
:D
First off, I would highly disagree with your assertion that 75% of the traders out there thought that Feb. 27th was the BOTTOM of this market.
After the market "break" of Feb. 27th and four more days of downside trading, the market went thru a very typical "counter-trend" bounce after enough...
Given what I have observed over the past 25 years trading the markets, I would tend to agree with the above statement.
Well said.
Check this weblink to see how Fibonacci numbers appear in nature . . . Perhaps the most popular example of this can be seen in the spiral ratios that are found in...
Sorry, but I really don't see the "logic" in your post.
On one hand, you imply that there might be a correlation between no longer having any pit traders on the floor anymore with that of fibonacci relationships . . . but on the otherhand you then provide that humans have quirks and...
Fools???
With all due respect, the market did in fact "retest" the previous lows of the end of February and "bounced" very strongly, now trading back up to SPX 1395.
The "no correction ends in 2 weeks" proclamation is certainly one that can prevent you from making any serious money...
The crack spread has come in about $2.00 the last couple of days.
VLO announced the "restart" of their Houston refinery.
An Open Interest of 18,000 March 60 Calls would seem to indicate that VLO will head for the $60.00 strike for Friday.