8/14/2007

CNBC has gone totally left. Don't watch it much but the women (all women) are whining about the market and dispairing. Fuck them. Bloomberg for me.

Volatility: 200 pts, is what percent of 13,000? 15%? Well those dopes at CNBC might think so, but 200 points is around 1-1/2 percent. A one and a half percent move is a joke. You ought to trade futures. When $8 beans moves fifty cents ($2,500 per contract) that's 16%, a not too unusual move in that market. How about corn? Usually around $3 (now), what is a normal twenty cent move? Six and 2/3 per cent. If that happend to stocks (865 points) those stupid women would be jumping out of windows. Remember back in '87 the stock market moved down 40% in a single day. The world didn't end.

1 comment:

Anonymous said...

You know what women say...Math is hard!