23,000

The S&P, last time I checked back in June, was two issues short of 500 so that will cause problems when it gets rebalanced. Too many S&P ETFs for quick restabilization when it does happen but other than that put/call ratios and I would assume short interest are discounting 45% or thereabouts downturns. That is unlikely so I don't expect much weighted average volatility but rather some borderline insane sessions.
 
I place ZERO cred or meaning in the big casino. The economy is chirping along in a REAL recovery; good stuff. A long way to go yet.

Greg
 

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