Friday, July 6, 2012

Watch the Animals

For signs of major market correction, I have often espoused the view of "watch the animals",
when they start "going off" more than usual, that is the sign of a social extreme.

But this recent spate of cannibalistic face eating and such is really a little much to believe.

Seriously though, with everyone perched on their seat waiting for the big presidential stock run, there couldn't be a better time for a few limit downs.

Doing the BDI thing, i.e. a commenter on Slope who is always buying a boatload of out of the money options (seems always like puts), could be an OK strategy ---- yikes ----based on face eating.

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Insightful and Useful Comment!