On the morning I last posted, the Dow dropped 250 points and has then gone straight up 700 points. Relief that oil stabilized, money coming out of TLT, bond yields had turned negative, 20% drop in the vix. In the old days, the latter two were nice trades near a bottom but high implied vols has come to mean that derivative trades in them are not particularly profitable.  Notice too how, like oil,  several stocks that got aggressively sold after earnings are coming back steadily, IBM, HSY, even RL.  Things appear to be jumping around randomly. Too far away to play, anyway my short term take would have blown up in my face.  But I am curious, who is poking around the site?


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s