Thursday, December 18, 2008

Last Post of 2008 Postponed Until This Weekend

Come back on Monday to get the final post of the year. We plan to recap the past year and take a look at what 2009 may bring. We are polishing our crystal ball.

Today's news was that SP downgraded GE's outlook to negative meaning that there is a good chance that SP will actually downgrade their bonds. The market sold off quickly right after that news hit the wire.

Friday is options' expiration and not just any expiration, the Quadruple Witching expiration. We always like the name Triple Witch, much easier to say. Quad stands for futures and options on futures as well as index options and stock options. But what it really means is there will be some unwinding of positions Witch can cause some volatility. We think some of that happened today.


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