Tuesday, January 22, 2008

Breaking News!



Abby Joe (center.....wait a sec, I mean "not shown") is STILL bullish.

As Dave notes, her targets are a bit lower than they were a month ago.

Honestly, she wasn't all that gung ho bullish FWIW.

Just an anecdotal observation, but I could drive a truck through some of these options quotes today.

2 comments:

James said...

Im going on record.

This was not even close to the final panic. We could of had it today, but the pressure on the fed by various stupid and probably near bankrupt ib's and hf's as well as political leaders was to great.

The vix is still a buy and so are out of the money sp puts

Adam said...

if for no other reason than the panic dissipated before we even opened, lol.

I HOPE it was the bottom, but I suspect you are right.