F&D,
Precisely. Following the '87 crash individuals emerged claiming to have called the top of the market (so why didn't they buy puts?).
But how many had been calling the top for possibly the last two years?
Given the number of participants in international markets (000's) it shouldn't be a surprise that someone will be bang on at some time. The question is then one of consistency.
Another trick is to annualise returns, eg 10% in a month becomes 120% pa. However, I've yet to see losses annualised
It's sad and depressing that you can tell the facts, but some will still ignore them.
What does "OTM" mean?
Grant.
Precisely. Following the '87 crash individuals emerged claiming to have called the top of the market (so why didn't they buy puts?).
But how many had been calling the top for possibly the last two years?
Given the number of participants in international markets (000's) it shouldn't be a surprise that someone will be bang on at some time. The question is then one of consistency.
Another trick is to annualise returns, eg 10% in a month becomes 120% pa. However, I've yet to see losses annualised
It's sad and depressing that you can tell the facts, but some will still ignore them.
What does "OTM" mean?
Grant.
