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Tuesday, November 28, 2006

Market Correction

The market tanked last night and it was a sea of red in my IB watchlist. It's not surprising to see that whenever the market slips, it always falls alot harder than when it climbs. Last night's decline in the major indices wiped off more than a week's gain by these indices. Recent momo stocks like GOOG, MA, GS, CAL, NYX etc tumbled the hardest. If you were short or traded puts, you are one happy man :)

Here's a look at the 3 major indices:




I also want to bring your attention to VIX. Adam had a great post about how the holiday season understates the real VIX


4 Comments:

Blogger adam said...

thanks

1:15 AM  
Blogger Simply Options Trader said...

no prob! Your blog has been my source of learning especially in the area of volatility.

1:56 PM  
Blogger adam said...

they just misrepresent it on tv so much, just trying to clarify i guess. Ended up being like a 5 part mini-series, lol.

7:12 AM  
Blogger Simply Options Trader said...

lol

9:59 PM  

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