If you're short, I'm the sucker going long....: Most people want a 10% correction

Thursday, May 14, 2009

Most people want a 10% correction

from an informal bespoke poll

Oh... wait according to cnbc.. she was the Chief investment officer........ 35

4 comments:

Tony said...: But 44% are looking for a 20% or greater correction. Are these all shorts?

Because if there are 44% people who really are planning on a 20% correction, that should act as a substantial bid.

Right now, I'm hedged, but net short.; May 14, 2009 at 11:53 AM
Tony said...: Oops, I meant net long 65/35.; May 14, 2009 at 11:56 AM
Eric said...: today should just be a pre expiration pop.

let some calls go in the morning "in the money" then let them go Out of the money at the friday close...; May 14, 2009 at 12:22 PM
Eric said...: I swore I was going to re-read point "dd"..

I can't imagine we will get away with any less than a 50% retrace...; May 14, 2009 at 2:59 PM

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