Saturday, February 21, 2009

COT

COT is showing Small and large speculator sentiment is showing high bullish sentiment reading in a year. This happened when the Bush bailout trap sell-off in Sept/Oct 2008.

Mainstreet "Obama hope", but we have a hate war going on between the new admin and the Wall Street/Traders.

Some of the calls could be hedging short positions, however, as noted on previous post, we have "Option Expo" in March. Having high volatility during Feb certainly sparks option risk hedge interest. Markets are oversold in light volumes and are murdered since the Bush bailout sell-trap fiasco making fortune from sharp sell-off.

Imagine what those who are living in Gaza -- the pain which they feel and experience for those who lost they loved ones and house. Imagine the anger they feel. They must be crying out to "ALLAH".... Hamas should never start to fire rockets again. Neither is making good sense even though cruel defense could be somewhat justifiable. Imagine millions of Americans lost job and suffering from financial crisis -- the anger which they have -- either find peace in God or will explode sooner or later.


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