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Comments

Henrique Simoes

Marc Faber commented tonight that stocks are risky here and that a top might be in the cards,

"This is a high risk entry point for equities." Marc Faber

Full interview here: http://marcfaberblog.blogspot.com/

Keep up the good work.

Paul Teetor

Thanks for delimiting the current trading range. This is a useful insight. I've had some success lately by buying "iron butterfly" option spreads on the S&P500, then profiting from the time-decay. I'm betting that summer trading will be range-bound due to stagnation in the stock market, so selling delta-neutral option premium makes sense. I appreciate seeing your ideas on the likely range of prices.

mt

Recent look-alike: March 2002: trading range above 200 day ma.

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