Mar

10

In a shocking day, the range from high to low was 2.8 points [based on half-hourly sampling]. Perhaps the only day in the last 10 years, not a day removed from the holiday with such a low range. (Of the eight others, all were within a day of Labor Day, July 4th, President's Day, or Memorial Day et. al.). "Happy days," I can hear Stubby saying, "men and women and children, place your orders. It don't matter what you do, you lose when I take the other side."


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3 Comments so far

  1. Steve on March 11, 2010 10:04 am

    Your comments are greatly appreciated from one who used to spend half a day 12 hours studying the markets and working in them. Now as my life has taken a different path your genius and insights are enourmously helpful to me.

  2. korareddy on March 12, 2010 8:26 am

    wannabe from India brings some unusual sightings from this part of the world to MDP’s notice,

    1)first ever closing below 20 of VIX in India
    2) the 5 day range ( 5 day max- 5 day min )is the least in this decade on Nifty

    PS: MDP - Modern Day Polymath ( I prefer addressing MDP rather than Chair )

  3. vic niederhoffer on March 12, 2010 12:45 pm

    The Chair has that very appropriate connotation of derision in it — but thanks, although not justified, albeit Artie was one. vic

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