10.04.2008

Why did the VIX cross the road?

Answer: to get to the other side!

Ok, bad joke.. these times are tough if you are a bull...

Here are a couple of charts to show where we are at today...










Like I said, it's tought to be a bull, you have to pick your spots... we did not get the snap-back rally I hoped for, so I don't know what else will move it higher, other than we are 'oversold'.

I have X OCT 110 calls that are worthless, PFE JAN calls that are up 100%, and NCC OCT calls that are up 100%...

tb