Saturday, Mar 14, 2009
One for the bulls....
Ft Weekend: Just keep thinking sweet thoughts
"Extreme volatility is confusing. I once assumed that the bear market had ended last November. But last month’s sell-off dragged prices much lower.
It is easy to capitulate in scary times and close all positions. The opposite error is to ignore fresh facts and stubbornly hold on to obsolete views. Either approach can lead to painful trading errors.
Confounding my confusion was last week’s surprise 6 per cent rally." - i shall keep my own counsel on this one.
Posted by techieman @ 01:24 PM (353 views) Add Comment
1 Comment
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1. Brc99 said...
One other factor at the moment is the proximity to the quarterly expiry & impact of some large index option positions (some in the options market feel this has dampened volatility - though clearly things have been choppy by "normal" standards - let's see what happens after expiry on friday). Last week was a bear market rally, dominated by fast money players in v thin volumes... it's too much to hope that the housing market won't also see a few "false dawns" on the way down (and i don't mean anything as short-lived as that rogue halifax index figure from a couple of months ago)