Adam's options, breaks down how all the quants and historical backtersters have us severely overbought. and are almost angry and bitter about it.
and in his way he says he is going to call top untill it happens.
It all makes me wonder if we could get a down week...
abby joseph cohen, Just suggested that the spx has a 900 fair value, and in 10 or so months a 1025 Fair value
Over the weekend we did seem to have some returning confidence.. I suspect that the returning confidence/denail phase is about where we are.... But I'm scared Shitless about an
"Eric Top"!!! It's what I get for stepping out of my Heisenburg bubble, I imagine I'll have a tough time Knowing if my Cat is alive or dead!!!
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Monday, April 13, 2009
Overbought? by many indicators and backtesters.
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