11.11.2008

Market madness

Oh, hooray. Another day with the market futures looking like crud. I can at least take solace in the fact that half the time the futures mean nothing. I still feel silly about how panicked I was when the futures had maxed out on the downside that one Friday and *NOTHING HAPPENED*. The VIX is still insanely high at 59. That's supposed to mean that the expected swing of the S&P 500 12 months from now has a standard deviation of 59%. So upside it could be 1,461.21. Downside it could be 376.87. I really hope it's up.

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