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MarcinO
Rep: 67
Posts: 5,506
Starting it off.
JI
jimkane
Rep: 3,058
Posts: 33,089
This 88.75 is an area, so I'm watching it, but I think something's happening...
JI
jimkane
Rep: 3,058
Posts: 33,089
Anyway, whatever is going to happen, is going to happen with the market closed...
JI
jimkane
Rep: 3,058
Posts: 33,089
Armstrong just reiterated his call for S&P 3000. Now won't that be something. Oh, yeah, by next year at this time. Up over 50% in a year's time! Wow. I know I'm all in.
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jimkane
Rep: 3,058
Posts: 33,089
Imagine the bulls attitude at ES 3000 in a year from now. It's so bad now it makes me want to puke, imagine it then. The cocky arrogance will be legendary, talked about for centuries, even millennium to come.
JI
jimkane
Rep: 3,058
Posts: 33,089
I wonder what margin levels will be like, since they are at record highs now, higher than even the dotbomb levels. I guess double, triple, quadruple the previous record highs. I can't wait!
RA
rat89
Rep: 0
Posts: 7,015
the discrepancy between spy and iwm from the lows two weeks ago is as dramatic as I remember seeing.....quite the game....
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jimkane
Rep: 3,058
Posts: 33,089
I have a former student who plays spreads between the indices, using the methodology, among other things, to decide on what to spread. There is a lot of potential here besides just the single, directional trade.

Originally posted by rat89

the discrepancy between spy and iwm from the lows two weeks ago is as dramatic as I remember seeing.....quite the game....
JI
jimkane
Rep: 3,058
Posts: 33,089
JI
jimkane
Rep: 3,058
Posts: 33,089
Nap #1 done. Nap #2 coming after a bit. Then I'm ready for that European open time. That, the upcoming Friday, and Old Yeller yapping it up at JackHole. Exciting stuff.
JI
jimkane
Rep: 3,058
Posts: 33,089
Good thing I'm on the west coast, or staying up for Europe and a bit after would be nearly impossible.
JI
jimkane
Rep: 3,058
Posts: 33,089
Not many know that lately I've been assisting my better half with 'landscaping' our front and side yard and doing the garden. She relocated a nearly eight year gardening project (flowers, shrubs, tress, and vegi's) when we moved. What we didn't know was the place we bought has the worst clay soil I have ever seen in my entire life. When we get closer to completion I'll post a picture or two in here. We won't finish entirely before the brutal non-stop rain gets here in the fall, but we'll be pretty far along, enough for some pics. In the meantime, here's what we're working with. No, those aren't rocks, that's the soil.

Click image for original size
clay png

And by the way, that's not concrete below the wheelbarrow, that's the ground we are working with.